It seems like Uber is engaging in the little loan company for the motorists

It seems like Uber is engaging in the little loan company for the motorists

Uber told motorists this week about loans that it’s building a new financial product and asked them. Experts are involved it may be a loan that is payday that’s predatory.

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Uber can be considering lending cash straight to motorists, centered on a current study it delivered down to a number of its fleet. Drew Angerer/Getty Images

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Uber is apparently examining the choice of straight offering loans that are financial its motorists.

The ride-hailing giant sent an in-app message for some motorists this week saying it is “building an innovative new monetary item” to simply help Uber motorists making use of their funds “in a period of need,” and asked recipients to fill a survey out.

“Have you taken away a loan that is smallof a buck quantity below 1,000 USD) within the previous 36 months?” reads certainly one of four questions. Another asks: “If Uber supplied loans, exactly exactly just what quantity have you been most very likely 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.”)

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