Without a doubt on how Predatory Debt Traps Threaten Vulnerable Families

Without a doubt on how Predatory Debt Traps Threaten Vulnerable Families

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A few weeks ago, Renee Bergeron—a mother that is single Duluth, Minnesota—was between paychecks and took away a small pay day loan to greatly help protect her lease. As soon as her payday arrived around, Bergeron found—much to her dismay—that she was struggling to spend her fundamental bills and additionally make her loan payment. Because of this, Bergeron took down another pay day loan so that you can fund the loan that is initial. Today, almost 10 years later, Bergeron along with her kiddies inhabit a shelter that is homeless and she continues to be saddled with increased than $4,000 in pay day loan debt. (más…)

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