A 3rd of high-cost loans end up in standard, based on an analysis that is legislative.

A 3rd of high-cost loans end up in standard, based on an analysis that is legislative. “They think, ‘gosh, it is been 36 months and I’m still paying down this loan and I also don’t truly know why. ’” Customer advocates state there is less defaults—which can trash a borrower’s credit history even while collections [...]