@ProPublica Excellent article. Thank you very much for breaking down the predatory nature of these loans that push consumers to endlessly borrow more

@ProPublica here's the secret to borrowing money:

DON'T

@ProPublica I live in Las Vegas where there's a payday lender or car title lender on just about every corner. Both are ruinous. I have used payday lenders. All you need is an open bank acct & proof of income (they only verify income annually). You write a check for the approved amt. They hold the check. In 2 wks you come back & replace the 1st ck w/another, over & over. If you can't or don't pay, they deposit the check & now you're on the hook for the debt PLUS bad check charges - a felony.

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