Rachel Anderson and Katie Thompson
Elliott Clark couldnвЂ™t keep pace with their familyвЂ™s bills when their spouse broke her ankle and couldnвЂ™t work. So he did exactly what an approximated twelve million People in the us do each year– he took down an online payday loan. a pay day loan is typically a little buck, short-term loan marketed as a fast, convenient answer to lifeвЂ™s unexpected dilemmas. ClarkвЂ™s tale made headlines in Kansas City, MO where it had been stated that within the course of 5 years, Clark invested $50,000 interest on five $500 pay day loans. Continue reading Predatory Lending and Repairing the Small Loan Marketplace. Elliott Clark could keep up with nвЂ™t their householdвЂ™s bills whenever their spouse broke her ankle and couldnвЂ™t work.