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Tag Archives: Payday loan
On Victory Drive, Soldiers Defeated by Debt
By Paul Kiel and Mitchell Hartman Seven years after Congress banned payday-loan companies from charging exorbitant interest rates to service members, many of the nation’s military bases are surrounded by storefront lenders who charge high annual percentage rates, sometimes exceeding … Continue reading
The 182 Percent Loan: How Installment Lenders Put Borrowers in a World of Hurt
By Paul Kiel One day late last year, Katrina Sutton stood at a gas pump outside Atlanta and swiped her debit card. Insufficient funds. But that couldn’t be. She’d been careful to wait until her $270 paycheck from Walmart had … Continue reading
Stocks Of Payday Lenders, Pawn Shops Jump As Economy Sputters
Profiting from people’s misfortunes. The way of the world. Stocks Of Payday Lenders, Pawn Shops Jump As Economy Sputters.