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Just How Predatory Debt Traps Threaten Vulnerable Families

11 September 2021

Just How Predatory Debt Traps Threaten Vulnerable Families

Endnotes and citations can be found in the PDF and Scribd variations.

A few weeks ago, Renee Bergeron—a single mom from Duluth, Minnesota—was between paychecks and took out a tiny cash advance to aid protect her lease. As soon as her payday arrived around, Bergeron found—much to her dismay—that she ended up being not able to spend her bills that are basic additionally make her loan payment. Because of this, Bergeron took away another pay day loan to be able to finance the loan that is initial. » Weiterlesen: Just How Predatory Debt Traps Threaten Vulnerable Families