“I do always feel bad about paying all the fees, but it is convenient for me, and it’s better than asking family members for a loan.”
Financial analyst Anitra Foote, who makes about $45,000 a year, has taken out 10 online payday loans…
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“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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“I know the interest is high… but sometimes you do what you have to do.”
Elizabeth Duncan earns a straight commission and is not paid regularly. She has taken out payday loans…
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“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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“A girlfriend mentioned a payday loan… There was a whole list of companies on the Internet. They approved you within minutes. You sent them your account information and they wired the money into your account… It was easy to try to get extra money for Christmas, for when I just wanted something… Then I paid the price when I had to pay them back.”
Online payday loan consumer Jeannette Hartman describes her ordeal to Charleston Daily Mail reporter George Hohmann…
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“When you go for these loans, you’re pretty desperate, and you don’t really care as long as you get the money you need… They basically give it to you just to fail.”
Internet payday loan consumer Jennifer Stein believes online lenders are a trap…
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“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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“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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“I was a middle-class working person… I had a good job at Microsoft, a mortgage, a car, a lot of credit cards.”
Former Microsoft employee Patricia Davis never thought that she would have to take out a payday loan…
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“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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