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Though it seems to have been phased out as of now, Uber exploited some drivers via 'Uber Financing'. "58-year-old Richard Brunelle was struggling to cover the
by Balgair 8y ago
Though it seems to have been phased out as of now, Uber exploited some drivers via 'Uber Financing'.
"58-year-old Richard Brunelle was struggling to cover the $1,000 monthly payment for his Kia Optima. The loan’s interest rate? An astonishing 22.75% APR."[0]
Though that particular program had other firms exploiting Richard via usury, Uber was front and center in that deal and set the rates at which Richard could make that money back. That bears repeating, Uber lead Richard down a path they knew was bad for him but was good for Uber. That is the literal definition of exploitation[1].
Normally, you'd give companies the benefit of the doubt with such things, wait for more data to come in, etc. But Uber has such a long history of outright illegal programs, shady practices, and callous abuse that it would be foolish to give them any benefit of the doubt now.
[0] https://www.marketplace.org/2015/05/13/tech/uber-drivers-struggle-pay-subprime-auto-loans https://www.marketplace.org/2015/05/13/tech/uber-drivers-str...
[1] https://en.oxforddictionaries.com/definition/exploitation https://en.oxforddictionaries.com/definition/exploitation