Because payday loans are relatively easy to get, they can also feel like a surefire solution to an urgent financial problem, says Anne Leland Clark, executive director of Exodus Lending, a nonprofit ...
Payday loans can trap millions of people in expensive debt cycles, even as economic conditions improve. With many Americans living paycheck to paycheck, these high-cost loans offer quick cash when ...
More than 9,000 Oklahomans may be stuck in a cycle of paying off payday loans, which has overwhelmed one credit counseling service. The Oklahoma City office of the Consumer Credit Counseling Services ...