“I kept doing the borrowing and paying back and borrowing and paying back… They suggested I go to other places to pay them back. It snowballed.”
Social worker Rich Gilmore describes how the quick fix of payday loans can turn into a long-term nightmare…
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“It’s a never-ending cycle, I realize. But for some of us with low-incomes, that’s the only way we have to survive.”
Payday loan consumer Rose Tubens believes that cash advance lenders offer a necessary service to people with no credit…
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“Sometimes [a payday loan] is your only option. I respect the fact that they’re there when you need them. You have bills, and you have to pay them. But I have never recommended this to anyone. You can’t catch up.”
Payday loan consumer Tasnuva Ahmed, who has been using cash advance loans regularly for two years, shares her experiences and offers some advice for would-be borrowers…
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“Payday loans are not beneficial in any way, shape or form.”
Former payday loan consumer Tawana Stewart describes her ordeal with payday loans that ended in bankruptcy…
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“It got to the point I owed so much on payday loans, I couldn’t make my car payment… I think I had up to nine loans at one time. Each payday, I had to run from place to place to pay them off, roll them over or take out a new one.”
Payday loan consumer Wendy Betts describes her experience on the debt treadmill and how she got off of it…
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