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with DANIELLA CHESLOW
A medical assistant named Angela walked into a branch of Advance America at a strip mall and asked for a loan during a recent lunch hour in Springfield, Va. She’d borrow $300 and guarantee to pay for it straight straight right back within thirty days, with one more $73 in interest and charges.
This loan would help protect a household visit to nyc, stated Angela, whom asked NPR to not utilize her final title for privacy reasons. She states she prefers pay day loans with credit cards and she would rather not approach her family for help because she doesn’t trust herself.
“Everyone’s struggling. Therefore, you don’t need to ask,” she claims.
It had been convenient and fast. All Angela had doing ended up being show her ID and write a check dated for the time the mortgage had been due. To obtain her very very very first loan, she earned a bank statement and spend stub, but she’s removed some more loans since that very first loan — about two per year. keep reading
