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Justin Pritchard

Subprime: Not Just for Mortgages Anymore

By , About.com GuideApril 4, 2007

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Subprime mortgage lending has been in the spotlight lately. Is that all there is to the subprime story? In fact, there are all kinds of subprime loans besides mortgages. Any time you have a borrower who is unlikely to manage repayment, you have a subprime loan. Payday loan establishments often target subprime borrowers, and credit cards can contribute to the problem. Recently, Marketplace did a story on The Other Subprime -- where they discuss the problems some borrowers face. Listen to the story and look at the bigger subprime picture.

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