2020年12月31日

Why Utah’s Are Finding Yourself In Jail After Taking Out Fully Pay Day Loans

Payday and name loan providers provide ways to get money fast — put up the name on your own vehicle as security and you may get a hundred or so bucks. The catch? The percentage that is annual, or APR, can be hugely high, meaning you get having to pay much more than that which you borrowed.

Utah is house for some of this greatest rates in the united kingdom, and a brand new report from ProPublica details just exactly just how many people whom are not able to continue with re re payments have actually also wound up in prison. KUER’s Caroline Ballard talked with Anjali Tsui, the reporter whom broke the storyline.

This meeting happens to be modified for size and quality.

Caroline Ballard: exactly just just just How this are individuals finding yourself in jail when debtor’s prison is prohibited for more than a hundred years? (さらに…)