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Just Exactly How Predatory Debt Traps Threaten Vulnerable Families

Just Exactly How Predatory Debt Traps Threaten Vulnerable Families

Endnotes and citations can be found in the PDF and Scribd variations.

A few weeks ago, Renee Bergeron—a solitary mom from Duluth, Minnesota—was between paychecks and took down a tiny cash advance to simply help protect her lease. When her payday arrived around, Bergeron found—much to her dismay—that she had been not able to spend her bills that are basic additionally make her loan payment. Because of this, Bergeron took away another pay day loan to be able to fund the initial loan.