The REVOLVING doorPayday loan providers keep borrowers coming back

The REVOLVING doorPayday loan providers keep borrowers coming back

RICHMOND, Va. Elizabeth Lawson’s problems started with an $800 electric bill, the consequence of a water heater that is malfunctioning. Nonetheless it ended up being her move that is next that her funds spinning out of control.

Lawson, whom lives into the tiny city of Shawsville in southwest Virginia, went along to a lending that is payday in nearby Christiansburg. She borrowed $200, agreeing to pay for a $36 charge once she received her next personal protection check. Continue reading “The REVOLVING doorPayday loan providers keep borrowers coming back”