It appears like Uber is stepping into the loan that is small for the motorists

It appears like Uber is stepping into the loan that is small for the motorists

Uber told motorists this week about loans that it’s building a new financial product and asked them. Experts are worried it can be a cash advance system that’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 “building a unique monetary item” to simply help Uber motorists using their funds “in an occasion of need,” and asked recipients to fill a survey out.

“Have you taken away a little loan (of a buck quantity below 1,000 USD) within the previous three years?” reads certainly one of four concerns. Another asks: “If Uber supplied loans, just exactly what quantity have you been most more 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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