Payday lenders endure even as consumers aware of risks (as reported by John Sandman via AARP.org)

This article paints a comprehensive picture of the problem with payday lenders: these quick cash advances are a short term solution to a long term money issue. Most people are familiar with the 20,000 storefront locations in over 33 states offering payday loans, but now payday loans are even available from banks in the majority of states or, in some cases, online. Read personal stories of the trauma experienced with payday lenders here, despite changes in laws and regulations since the financial crisis.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: