Payday financing is regarding the increase – but at a high price

Payday financing is regarding the increase – but at a high price

Kesha Gray required $100 fast. Her credit-cards had been at their restriction, she had no house equity to fall back on, along with her daughter’s day-care bill had been due. She saw just one alternative. She decided to go to a lender that is”payday and published a look for $162, post-dated for 14 days – when she ended up being due to have a paycheck.

Whenever fourteen days rolled around, more-pressing bills gobbled up her paycheck, and she couldn’t muster the $162 she owed. Continue reading “Payday financing is regarding the increase – but at a high price”