On Christmas Day in $2014,$ the New York Times published an article entitled $$Rise in Loans Linked to Cars is Hurting the Poor$.$ Read the article and watch the video in the article with the title: $$No credit, no problem$.$

Here are two quotes from the article:

$$The lenders argue that they are providing a source of credit for people who cannot obtain less$-$expensive loans from banks. The high interest rates, the lenders say, are necessary to offset the risk that borrowers will stop paying their bills.$$

$$And because many lenders make the loan based on an assessment of a used car$$s resale value, not on a borrower$$s ability to repay that money, many people find that they are struggling to keep up almost as soon as they drive off with the cash.$$