Wednesday, February 13, 2013

Resources on Payday Loans

My Math Apps class is studying payday loans. The Math is amazing. The appeal of these loans to the poor or emergency use over-rules the logic of NOT paying a 400%+ interest rate. Here are some resources:

How Payday loans work

Payday Loans - National Consumer Law Center

No Loan Sharks

Huffington Post Article: Banks Increasingly Use Payday Loans Despite Crackdown On Predatory Lending: Study

CNBC: Crackdown Needed in Predatory Lending

How short term lending becomes long term debt

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