Clients of Payday Lenders Could Be Forever inside their Financial Obligation
The 60-year-old new york resident had been behind on her electric bill and in short supply of money to purchase gifts on her behalf grandchildren that 12 months, so she sent applications for a“payday” loan that is short-term.
That error locked Monti into a cycle of twice-monthly borrowing that eventually are priced at her $1,780 to [...]
