It appears to be like Uber is stepping into the loan that is small because of its motorists
Uber told motorists this week about loans that it’s building a new financial product and asked them. Experts are worried maybe it’s a loan that is payday that’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 “building a fresh economic item” to simply help Uber motorists due to their funds “in a period of need,” and asked recipients to fill away a study.
“Have you taken away a little loan (of a buck quantity below 1,000 USD) into the previous 36 months?” reads one of four concerns. Another asks: “If Uber supplied loans, exactly just exactly what quantity are you most expected to request?” (The choices to respond to range in brackets of “Less than $100,” “Between $100 and $250,” “Between $250 and $500,” and “More than $500.”)