April 29, 2021cash store loans payday loan

Pay day loans offer fast cash, but costs and interest leave many Virginians deep with debt

Pay day loans offer fast cash, but costs and interest leave many Virginians deep with debt

Easy money — with a catch

The one thing about high-interest prices loans is they appear really easy.

“we don’t keep in touch with anybody. We went online, responded a concern about where We work and that there was $2,350 in my bank,” Williamson recalled day.

“we called the following day, to inquire of about my re re re re payment. They said $146, so when we asked they said which was month-to-month. We was thinking I could handle that,” she stated. ” My next paycheck, they took away $146. Fourteen days later on, another $146…after 4 or 5 re payments, I was thinking one thing had been incorrect.”

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