"The Poverty Business"

After reading the article titled "The Poverty Business," I can say that the article opened my eyes to a lot of things I did not know before. There are so many companies in America taking advantage of tax payers like myself. Auto loans and mortgage loans are charging so much interest on theirs loans, that by a year’s time the discrepancy has doubled.  I like to quote the phrase in the article;" Innovative and zealous firms have lured unsophisticated shoppers by the hundreds of thousands into a thicket of debt from which many never emerge." Whether we like to admit it or not, many Americans in the United States are not financially savvy. Meaning we know what we want, where we have to go to get it, but we do not know how much it's going to cost us in the long run. My question is, why are these corporations targeting the low-economy worker to achieve their income? I will explain why. They rely on the fact that low-economy citizens do pay their bills on time (late payments), thus giving them the right to increase the interest. Later becoming the reason why many people take longer paying their loans or even stop paying them. Their strategy to get their money does not sound correct, and anyone who reads this article will agree with me. Companies who profit from low-wage earners exacerbate the opportunity divide, because after they have them in debt, ten out of ten times people spend years paying off their bills. In most case, these debts leave people with bad credit scores. Bad credit scores can prevent people from getting a job in a better position. I think the job of alleviating the issue at hand belongs to the government. They allow these companies to profit from other peoples debts. I think they should create/pass a law that late payments should not result in an increase in interest. Especially when in a lot of cases the individual is trying to cooperate. Or the government should create a program for debt forgiveness for those who have been struggling to pay their debt for more than ten years. Giving them that person an opportunity to restore their credit and get a better job, buy a house, buy a car, or focus on saving money in their bank.