I suppose high-risk car and truck loans are far more comparable to payday financing than they have been to mortgage loans because

John Oliver, host of HBO’s “Last Week Tonight,” found similarities that are disturbing the simple loans dished away for utilized vehicles in addition to mortgage crisis that devastated the economy in 2008.

Now, vehicle dealers are making high-risk, high-interest loans that “trap people who have few choices into having to pay greatly a lot more than a motor vehicle may be worth,” Oliver stated. (more…)