Payday advances entrap families into a cycle that is ever deepening of

Pay day loans entrap families into a cycle that is ever deepening of

“Payday loans entrap families into an ever deepening period of financial obligation, where loans are over repeatedly flipped by lenders at rates of interest of 300 to 400 %, after which loan providers seize borrowers’ bank accounts and garnish their wages. These techniques leave customers in monetary destitution for decades. Continue reading