Uber told motorists this week about loans that itвЂ™s building a new financial product and asked them. Experts are worried it can be a cash advance system thatвЂ™s predatory.
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Uber might be considering lending cash straight to motorists, considering a recently available study it delivered away to a number of its fleet. Drew Angerer/Getty Images
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Uber appears to be checking out 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 вЂњbuilding a unique monetary itemвЂќ to simply help Uber motorists using their funds вЂњin an occasion of need,вЂќ and asked recipients to fill a survey out.
вЂњHave you taken away a little loan (of a buck quantity below 1,000 USD) within the previous three years?вЂќ reads certainly one of four concerns. Another asks: вЂњIf Uber supplied loans, just exactly what quantity have you been most more likely 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)