by Michelle Diament, Updated December 2011 | commentary: 0

Nancy Oliver, 56, looked to an online payday loan as a fix that is temporary couple years back when medical bills accumulated. She never imagined that her income issue would be plaguing her still years later on.

Financial Reform and You

• Agency to Tackle Bank Card Woes

• Home loan Reform for Borrowers

• Pay day loans getting Scrutiny

• Financial Literacy

• Q see & A: The Fiduciary Standard

But today, the mom that is single $4,450 spread across four cash advance organizations along with her cycle of financial obligation isn’t expected to stop any time soon. Which is because each business has certain needs for repayment associated with loan principal which make payoff prohibitive. In a single instance, as an example, Oliver must spend in $50 increments.

That is a tall purchase for the unique training instructor who is residing paycheck to paycheck. Читать далее →