with DEBORA HAEDE
Each 12 million Americans take out a payday loan year. Once we have actually covered on Shared Justice, “Payday loans are short-term, small-dollar loans with extremely high rates of interest connected. Typically, a quick payday loan ranges between $100 and $500 and has become repaid within a fortnight. These loans have actually a typical yearly portion price (APR) of 390 per cent, and some states enable interest levels over 1,000 per cent.”
A workshop hosted by venture GREEN. [Read more...]