Payday lenders have significantly more tricks up their sleeves
by John Sandman, AARP The Magazine | Comments: 0
Like, 67, is a laGrange that is divorced Kentucky, resident and a minister into the Presbyterian Church (U.S.A.). She wasn’t destitute; she was working for UPS Logistics in Louisville when she got her first payday loan, in 2003. But she’d fallen behind on the lease.
Her very first loan had been for $200. She does not remember the name for the place that offered her the cash advance that is short-term. “these people were every-where,” she says associated with the storefront procedure. (more…)