Joel Jacobs
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Joel Jacobs
@joeljacobs.bsky.social
4.1K followers 130 following 14 posts
Data reporter @propublica.org. Former software engineer.
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7/ In the Supreme Court case, a borrower with a 741% loan from LDF said that the incessant collection efforts by an LDF business partner — even after he declared bankruptcy — drove him to attempt suicide.

The business partner declined to comment.
Line graph with a single line, labeled “Brian Coughlin’s Three-Month Loan Came With a 741% APR.” The x-axis ranges from the 1st payment to the 7th payment; the y-axis ranges from 0 dollars to $2000. Annotations read: “The original loan was for $900” and “At the end of the loan, Coughlin would have paid over $2,200.”
January 3, 2025 at 12:20 AM