Once Again, You Can Owe Your Soul to the Company Store (Updated) 0
Dave Johnson explains “workplace loans.” A nugget:
Workplace loans have very high interest rates, as much as 165% per year, and are repaid directly out of wages. So far only about 100,000 workers are being offered these scams by their companies, but at least half a dozen companies are marketing this “service” to employers.
Addendum, Later That Same Day:
Juanita Jean reports on a new twist to the scam in Texas. Not surprisingly, Rick Perry’s mitts are all over it.