Quick money with a catch: exactly how pay day loans can destroy everyday lives

Quick money with a catch: exactly how pay day loans can destroy everyday lives

In the event that you shop around, there are many cash advance businesses than you can find McDonalds. In 2017, Illinois borrowers took out a lot more than 200,000 payday advances totaling a lot more than $70 million. Each vow at hand you money — no credit, not a problem.

The lure of simple cash caught one girl, whom WGN is calling Jane. She had been ashamed to admit she ended up being economically hopeless and believed she had nowhere else to make for assistance. Jane has three loans that are payday. (more…)