Their interest rate is exploitative - 15% per month. So if you borrowed $100 at the beginning of the year, you'd need to repay $280 with $180 going to interest alone. This is their policy from their own website https://talasupport.zendesk.com/hc/en-us/articles/3600218533...
It's actually a lot worse than it sounds. There are no loan apps for iOS simply because iOS won't give you access to messages. These companies read your messages and at times call people you know to collect. https://nairobinews.nation.co.ke/news/loans-app-finds-a-chee...
The interest rates are so high that I don't think they bother with credit scoring.
You realise that’s how the rest of the world views the US? The US spies on the rest of the world; Cisco etc install back doors. The US was spying on Angela Merkel. For the emerging world, this is good, there’s finally a counterbalance to the NSA and US tech companies mass surveillance. The US isn’t the world’s largest economy anymore (PPP adjusted, soon to be in nominal terms as well.) so this idea that the rules of the game don’t apply to the US is past it’s sell by date. To someone with privilege, equality seems like oppression.