Payday Loans Explained

Payday Loans Explained
1min 54sec

12 million Americans take out payday loans every year, but there are still misconceptions about how they are actually used. Follow the story of Jennifer, a typical payday loan customer, who takes out a cash advance on her paycheck to make ends meet, but ends up paying more than $500 in fees. http://www.pewstates.org/research/featured-collections/payday-lending-in-america-85899405692.

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