Uber told motorists this week so itвЂ™s building a fresh economic item and asked them about loans. Experts are involved it may be a cash advance system thatвЂ™s predatory.
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Uber could be considering lending money straight to motorists, centered on a recently available study it delivered down to a few 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 delivered an in-app message for some drivers this week saying itвЂ™s вЂњbuilding an innovative new economic itemвЂќ to aid Uber drivers along with their funds вЂњin a period of need,вЂќ and asked recipients to fill away a study.
вЂњHave you taken down a little loan (of a buck quantity below 1,000 USD) in past times three years?вЂќ reads one of four concerns. Another asks: вЂњIf Uber supplied loans, just just what quantity have you been most very 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)
Uber offering financial solutions is not exactly new вЂ” the business piloted a cash that is interest-free system for motorists in California and Michigan back 2016. In addition it presently provides a credit that is co-branded with Visa plus an Uber Cash electronic wallet for cyclists, helping rent cars to drivers through third-party partnerships. Continue reading