Fighting Predatory Payday Lending: The Faith Community Reacts
Fighting Predatory Payday Lending: The Faith Community Reacts Payday advances are tiny buck (usually about $200 to $400) short term loans which are typically due in complete from the borrower’s next payday (or day’s earnings), thus the name “payday” loan. The borrower must pay a hefty fee to the lender (approximately $15 per $100 borrowed) [...]