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The caller, Alex, explained he owed about $3,500 in payday loans, all carrying interest rates of around 500%. He said he took them out after getting laid off in August, since he didn't have good ...
ORLANDO, Fla. – “Need money NOW?” “Instant cash!” “No credit check!” Not too long ago, your average payday lender was a strip mall storefront wedged between businesses like a laundromat, a pizzeria, a ...
Apps like DailyPay and MoneyLion have already trapped workers in cycles of debt with fees averaging over 800% APR In an announcement this week, nearly 200 labor, consumer, and civil rights ...
Just as you've made ends meet this month, catastrophe strikes. Pipes burst in your house — and while you always wanted a swimming pool, you definitely didn't want it in your basement. Or for it to ...
As households across the country struggle with the cost of living, new research from Rice University finds that Houstonians are more likely than most Americans to resort to payday loans to cover ...