More People Turning to Risky, High Cost 'Payday Loans' to Meet Basic Needs

Syndicated from Common Dreams on Thu, 2012-07-19

<div class='node-body'><p>As economic strain continues to plague the US, more people are turning to risky high cost &#39;payday loans&#39; to pay for basic necessities such as food and rent, according to a <a href="http://www.pewstates.org/research/reports/who-borrows-where-they-borrow-and-why-85899405043" target="_blank">recent study</a> by Pew Center on the State.</p></div><div class="field field-type-filefield field-field-news-hp-image">
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<img src="https://www.commondreams.org/sites/commondreams.org/files/imagecache/news_archive_thumbnail/article_images/r-payday-loan-large570_0.jpg" alt="[field_image_caption-raw]" title="" class="imagecache imagecache-news_archive_thumbnail imagecache-default imagecache-news_archive_thumbnail_default" width="70" height="29" /> </div>
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<p><a href="https://www.commondreams.org/headline/2012/07/19-0" target="_blank">read more</a></p>