Home / Tag: Debt Trap
Wednesday, June 3, 2009

Legislation would limit interest charged...

Patricia’s story isn’t unique,but it’s still shocking. She was moving and needed some extra cash, so she took out two short-term “payday loans,” totaling $550 plus $182 in upfront fees. When she couldn’t repay the loan the following month, Patricia entered into the “debt trap.” She has...

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