Missouri guy Paid $50,000 in Interest After using $2,500 in pay day loans

Elliott Clark borrowed money to aid their household but struggled to pay for it right straight straight back.

В— — tiny pay day loans are touted as quick, short-term usage of cash, but individuals like Elliott Clark of Kansas City, Missouri, call them “debt traps.”

A retired and disabled aquatic, Clark continues to have a time that is hard concerning the a lot more than five years by which he states he struggled to cover $50,000 in interest which started with $2,500 of the loans, often called “cash improvements” or “check always loans.”

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