Keep Tabs on This Subprime Leader
Remember the subprime credit industry and all the mischief it caused global markets during the housing bust? Well, it's back, though it has a whole new name -- and it promises it absolutely won't hurt a fly this time (unless the fly really deserves it).
One of the leaders of the new wave of subprime lenders is NetSpend (NTSP). More broadly, the company is a provider of reloadable prepaid debit cards and related financial services in the U.S. The firm currently serves a market of 60 million consumers that it delicately calls "under-banked." Those are people who don't have a traditional bank account, or who rely on alternative financial services....652 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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