Did you know that financing for the lower class can be as expensive as 25% of their monthly budget. Simply borrowing money has an average APR on payday loans of

Did you know that financing for the lower class can be as expensive as 25% of their monthly budget. Simply borrowing money has an average APR on payday loans of 400%. People choose these loans because: 1) the simple dollar costs mask the actual APR due to relatively complex calculations. 2) the effective APR of multiple $40 overdrafts is actually higher cost than a 400% payday loan. Long story short, these people are acting rationally in an irrational system. Fortunately, I am a former Credit Karma employee and am working on a solution at: https://www.piggycreditcard.com https://www.piggycreditcard.com Please sign up and earn 5% on your checking account. How can I do this? By arbitraging the risk-adjusted loan probability across a portfolio of 28% APR alternative loans to those in need. Think of it like socially conscious lending and open source banking.