This seemed to be a very vague article. I'm assuming that people that take advantage of these loans must have quite bad credit, or otherwise they'd be going th

This seemed to be a very vague article. I'm assuming that people that take advantage of these loans must have quite bad credit, or otherwise they'd be going the LendingTree/LendingClub option, where you can usually get medium term personal loans up to about $20k at under 10% interest?