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Payday Loans: Do Borrowers Know What They're Getting?

Posted by melvin 370 days ago Personal Loans
There's been a lot of finger-pointing lately about who is to blame for the untenable financial circumstances of many American families. Among the usual suspects--Wall Street quants, fly-by-night mortgage brokers, the households themselves--none is an easier target than payday lenders. These storefront loan sharks are portrayed by their detractors as swindlers preying on the desperation and ignorance of the poor. A payday backlash is already well underway--Ohio recently passed legislation
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Tags: payday loans financial circumstances



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