This note discusses a variety of short-term consumer credit products in the U.S. with an emphasis on the types of products to take advantage of the low and middle income consumers. Included are the following: credit card, bank overdraft products, payday loans, personal loans and peer-to-peer loans, home equity loans, rent-to-own contracts, auto title loans, pawn shops, refund anticipation loan, informal lending.

This note discusses a variety of short-term consumer credit products in the U.S. with an emphasis on the types of products to take advantage of the low and middle income consumers. Included are the following: credit card, bank overdraft products, payday loans, personal loans and peer-to-peer loans, home equity loans, rent-to-own contracts, auto title loans, pawn shops, refund anticipation loan, informal lending.
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from
Peter Tufano,
Andrea Ryan,
Daniel Schneider
36 pages.
Release Date: 20, February 2009. Prod #: 209107-PDF-ENG
Introduction to Consumer Credit Directive HBR case solution