‘ Like a drug’: pay day loan users totally hooked on quick-cash period

‘ Like a drug’: pay day loan users totally hooked on quick-cash period

For Raymond Chaney, taking right out an online payday loan was like employing a taxi to operate a vehicle around the world. He wound up that are broke stranded.

The 66-year-old veteran from Boise lives off of Social safety advantages, but lent from A web payday loan provider final November after their car broke straight down and didn’t have the $400 for repairs. If the 14-dayloan came due, he couldn’t pay, therefore he renewed it times that are several. Continue reading “‘ Like a drug’: pay day loan users totally hooked on quick-cash period”