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

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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

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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.

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