Let me make it clear regarding how a $2,500 loan changed into $50,000 of financial obligation

Let me make it clear regarding how a $2,500 loan changed into $50,000 of financial obligation

Under a week after Google stated it had been banning adverts for pay day loans, one man’s story is making headlines that are national. He’s a typical example of exactly how a little bit of monetary misfortune can become a hill of financial obligation.

Back 2003, Elliott Clark’s spouse broke her ankle. She couldn’t work, therefore to steadfastly keep up with all the bills, Elliott took down a $500 pay day loan. He then took away four more totaling $2,500. Continue reading “Let me make it clear regarding how a $2,500 loan changed into $50,000 of financial obligation”