For Us citizens struggling in this economy, an advance on a paycheck may be a lifeline. These improvements — also called pay day loans — have bee a fast-growing online business, with almost $11 billion lent away year that is last.
The funds frequently es with crippling interest levels, as CBS Information chief investigative correspondent Armen Keteyian discovered because of this report together with the guts for Public Integrity.
Ramon Zayas had been struggling with prostate cancer tumors and dealing with bills that are mounting.
«I’d to pay for the bill that is electric or have the lights deterred,» Zayas stated.
So he and their spouse got a $250 cash advance from an online loan provider 500 FASTCASH. Читать далее