Each year about twelve million Americans take away pay day loans.

Each year about twelve million Americans take away pay day loans. The U.S. Customer Financial Protection Bureau called these loans “debt traps” and proposed brand new recommendations Thursday to manage the industry’s worst methods. Payday improvements typically consist of interest rates of over 100% — much larger compared line of credit payday loans to 15% …

Each year about twelve million Americans take away pay day loans. Read More »