Category Archives: Payday Loans Bellflower Ca

1,000% loans? Scores of borrowers face crushing costs

1,000% loans? Scores of borrowers face crushing costs

The Pew Charitable Trusts

Due to these expenses, in place of quickly borrowing and repaying the amount of money, most pay day loan users result in debt for months at any given time, over and over over and over repeatedly taking right out loans because they operate low on money.

“The extended that payday loan providers could keep flipping the mortgage, the greater amount of cash they generate,” Ginn stated. Continue reading

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