For those of you who enjoyed today’s post on the woman who committed suicide after her husband was threatened with debtor’s prison, here’s another one up your bleak alley.
We tripped up over this little gem dropped in the payday loan industry’s press conference held on Wed Feb 21st – which attended by remote telephone (neat!).
If people knew the true cost of a payday loan, perhaps the industry wouldn’t be growing like cancer. AllFinancialMatters breaks down the math.
Gov. Timothy M. Kaine’s (pictured, putting out fire) is the last man standing between a bill hand-written by the PayDay loan industry and Virginia consumers.