Uber told motorists this week about loans that itвЂ™s building a new financial product and asked them. Experts are worried maybe it’s a loan that is payday thatвЂ™s predatory.
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Uber might be considering lending cash straight to motorists, predicated on a recently available study it delivered off to several of its fleet. Drew Angerer/Getty Images
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Uber appears to be examining the choice of straight offering loans that are financial its motorists.
The ride-hailing giant delivered an in-app message with a motorists this week saying it is вЂњbuilding a fresh economic itemвЂќ to simply help Uber motorists due to their funds вЂњin a period of need,вЂќ and asked recipients to fill away a study.
вЂњHave you taken away a little loan (of a buck quantity below 1,000 USD) into the previous 36 months?вЂќ reads one of four concerns. Another asks: вЂњIf Uber supplied loans, exactly just exactly what quantity are you most expected to request?вЂќ (The choices to respond to range in brackets of вЂњLess than $100,вЂќ вЂњBetween $100 and $250,вЂќ вЂњBetween $250 and $500,вЂќ and вЂњMore than $500.вЂќ)