You’ve heard the ads on the radio and chances are you’ve seen the signs driving down the street. Cash advance, payday loan stores are popping up everywhere while the economy is slowing this business seems to be booming. They’re being marketed to those with last minute emergencies, but they’re also being marketed to those that want spending cash or last minute weekends away,”says Elizabeth Schomburg with Family Credit Management. For those with a plan to pay it off, Payday loans can be a way to get yourself out of a financial emergency, but for others with true financial difficulties Payday loans can turn into a revolving door of debt with extremely high penalities. An advocate group for cities and towns across the state says lawmakers need to find an extra 5-billion dollars every year to spend on roads. read more
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Apr
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Life's 411: Payday Loans - WCIA-3 News- About: Fast Payday Cash
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