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

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

In this essay

This report contains tales of people and families across Alabama who possess dropped into this trap.

Executive Overview

Alabama has four times as numerous payday lenders as McDonald’s restaurants. And has now more name loan companies, per capita, than some other state.

This would come as no real surprise. Using the nation’s third poverty rate that is highest and a shamefully lax regulatory environment, Alabama is just an utopia for predatory lenders. Leer más