In 2013, a NBC News report on the payday loan industry included the story of Raymond, a Boise, Idaho resident, who depended on Social Security benefits to make ends meet. When his car broke down, Raymond turned to an Internet payday lender for a 14-day...
By Betty Renee Marver and Gail Wechsler
• Published April 13, 2011
Imagine you work at a minimum wage job and have little to no savings. Your spouse has recently lost her job, your car just broke down and the rent is due. You have no money to fix your car (or pay for public transport, if it is available) and also pay...
