21 Aug Mariner Finance officials declined to give meeting needs or offer monetary statements, however they offered written reactions to concerns.
Business representatives described Mariner as a small business that yields reasonable earnings while satisfying an essential need that is social. In states where usury rules cap interest levels, the company lowers its rate that is highest вЂ” 36 per cent вЂ” to comply.
вЂњThe installment lending industry provides a significant solution to tens of an incredible number of People in the us whom might otherwise not need safe, accountable use of credit,вЂќ John C. Morton, the organizationвЂ™s general counsel, composed. вЂњWe run in an environment that is competitive slim margins, and generally are driven by that competition to supply excellent solution to the clients. . . . a story that is responsible our industry would concentrate on this reality.вЂќ