Fighting Predatory Lending Posters

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Authors
Alzaben, Tilina
Morris, Elizabeth
Zia, Hamza
Issue Date
2022-07
Type
Presentation
Keywords
University of the South, Sewanee, Tennessee , Sewanee DataLab 2022 , DataFest 2022 , Fighting Predatory Lending , End the Payday Loan Scam , BetterFi , Debt
Abstract
Predatory payday, title, and flex loans are a growing affliction in low-income communities that lead people to pay hundreds in interest and fees every month yet never pay down their loans. Our non-profit partner BetterFi offers those borrowers a pathway out of debt traps and toward financial fitness by refinancing their loans at reasonable rates, as well as offering new loans to those who qualify. Using past client data, we will develop predictive models which will create a more efficient and scalable way for BetterFi to service the community and end the cycle of debt.
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