Simple Cash, Impossible Financial Obligation: Exactly Just How Predatory Lending Traps Alabama’s Bad

In this specific article This report contains tales of an individual and families across Alabama that have dropped into this trap. Executive Overview Alabama has four times as numerous payday loan providers as McDonald’s restaurants. And has now more name loan companies, per capita, than just about virtually any state. This would come as not surprising. Using the nation’s third highest poverty price and a shamefully lax regulatory environment, Alabama is an utopia for predatory lenders. By...

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