Let’s face it: Not everyone can walk into a bank and walk out with borrowed money, particularly with changes in the credit availability in the recent years. There are other places to go, and they seem to get more costly as their standards fall. That’s just how it works.
However, there are practices that are legal, acceptable and, sadly, pervasive. They’re traps, essentially, that attract desperate and poor people in need of a loan, and many of them never find their way out.