Proceed To Pull Customer Protection Rule Heightens Debate Over Payday Lending

Proceed To Pull Customer Protection Rule Heightens Debate Over Payday Lending

A medical assistant named Angela walked into a branch of Advance America at a strip mall and asked for a loan during a recent lunch hour in Springfield, Va. She’d borrow $300 and guarantee to pay for it straight back within thirty day period, with yet another $73 in interest and charges.

This loan would help protect a household visit to nyc, stated Angela, whom asked NPR never to make use of her final title for privacy reasons. She states she prefers pay day loans with credit cards and she would rather not approach her family for help because she doesn’t trust herself. Pokračování textu Proceed To Pull Customer Protection Rule Heightens Debate Over Payday Lending