When Lenders Sue, Quick Cash Can Turn Into a Lifetime of Debt

[LiberalElite]

http://www.propublica.org/article/when-lenders-sue-quick-cash-can-turn-into-a-lifetime-of-debt?google_editors_picks=true

Five years ago, Naya Burks of St. Louis borrowed $1,000 from AmeriCash Loans. The money came at a steep price: She had to pay back $1,737 over six months.

“I really needed the cash, and that was the only thing that I could think of doing at the time,” she said. The decision has hung over her life ever since.

[dixiegrrrrl]

1. I knew our lil town was in economic trouble

when 2 payday loan and one car title loan shops appeared, along with a 3rd pawn shop.

[TeeYiYi]

3. Agree. All the signs of Pottersville...

?





It's depressing.

TYY

[Turbineguy]

2. It seems

breaking people's legs is on a higher plain.

[dixiegrrrrl]

4. It is glaringly obvious to me

that us "little people" exist for the sole purpose of being financially sheared in as many ways as possible,
and when we have no more to suck from us, we are expected to go to a quiet and convenient death.
And even after that , the companies that took out life insurance on us, without our permission or awareness,
will gain from the final end.