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The downward spiral
Oct. 2nd, 2007 07:22 pmTo go along with "Maxed Out," a little article about payday loans: The trap.
Check 'n Go has a plan that lets borrowers pay over 90 days at no extra charge. But Donovan, a store manager, said, "We instruct our staff not to tell customers that the option exists." In a phone interview, Harrod spoke of a customer who had paid $8,000 on a repeating $375 loan.
Check 'n Go has a plan that lets borrowers pay over 90 days at no extra charge. But Donovan, a store manager, said, "We instruct our staff not to tell customers that the option exists." In a phone interview, Harrod spoke of a customer who had paid $8,000 on a repeating $375 loan.