Challenging the Traditional Wisdom on Payday Loans Some time ago, we went as a neighbor from my old neighbor hood in Pittsburgh, East Liberty, a mainly Ebony, low-income neighborhood. She had been telling me personally about taking right out an online payday loan to aid protect several of her bills. Relating to a report that is new the Pew focus on the States, most of the individuals who move to pay day loans are as being similar to my neighbor—just attempting to make lease, buy meals or keep consitently the lights on. NBC Information sums up the Pew Center’s...

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