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Cash Right Now, LLC provides very high interest loans to people with poor credit scores that have a high probability of defaulting on the loan. Many people do in fact default on these loans; however, Cash Right Now, LLC does make a substantial profit overall, even considering these defaults. The people that borrow from Cash Right Now, LLC are unlikely to obtain credit elsewhere. Discuss if Cash Right Now, LLC’s business practices are ethical considering it charges much higher interest rates than traditional banks

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The actions of Cash Right Now are quite unethical because:

  • They charge very high interest rates.
  • They allow the credit scores of people to get even worse.

Why are Cash Right Now's actions unethical?

  • In charging very high interest rates, they are profiting from the low credit scores of people which is wrong.
  • They are also allowing these people to ruin their credit scores further because they know there is a high probability of default, and yet loan the money out anyway.

When those people default, their already bad credit scores will become even worse. For these two reasons, we can conclude that Cash Right Now are being unethical.

Find out more on unethical interest charges at https://brainly.com/question/8058263.

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