5 ms·
I really hope they can do something to improve the lives of their customers. Your average hackernews reader knows nothing of the indignities of not being able t
by politicorific 5y ago
I really hope they can do something to improve the lives of their customers. Your average hackernews reader knows nothing of the indignities of not being able to get banking services and having to rely on using services from check cashing/title loan companies, rent to own furniture companies, and having to rent from slum lords. I really hope Will Smith and Jay-Z take only a modest return on their investments.
- lotsofpulp 5y agoThere are plenty of extremely low down payment financing options from the federal government. There is no way a few private lenders are going to be operating a business with less margin than those.
- kaminar 5y agoWhat most people don't realize is that some lower income folks and many business owners don't mind using the check cashing places, because they don't trust banks, banks have ridiculous and hidden fees, it takes days instead of minutes to get funds from checks, etc etc...there was a great article a few days ago here on HN about it. TL;DR your perspective is all wrong...