Tasnuva Ahmed
“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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Gail Meyers
“What started as a short-term solution became a two-year financial nightmare.”
Gail Meyers describes her ordeal when a $300 payday loan turned into $2,500 of debt…
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Tawana Stewart
“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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Norman Jacko
“If I had a choice, I wouldn’t [use payday loans]… The job right now is just not cutting the mustard. You gotta do what you gotta do… I’m just barely getting along paycheck to paycheck…”
Mechanic Norman Jacko describes his reasons for using payday loans and shares his thoughts on whether payday lenders target miniorities…
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Rich Gilmore
“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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Rose Tubens
“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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Wendy Betts
“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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Rena McFadden
“The time to repay is too short. He’s been trying to talk to them, but they won’t talk… They want the money by the next pay day. How are you supposed to pay your bills?”
South Carolina resident Rena McFadden describes a nightmarish experience with payday loans…
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Michael Tipton
“Who else is going to loan you money? A lot of people complain about these payday lenders charging too much money in fees and interest… But it’s their own decision to agree to the terms. It’s their responsibility.”
Former textile manufacturer employee Michael Tipton says that he has used payday loans on several occasions but has now found a cheaper alternative…
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Cynthia Smith
“I think it’s wonderful for people that need the money… A lot of people live day to day.”
Payday loan consumer Cynthia Smith offered this praise as she left a payday loan shop in Richmond, Virginia…
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