‘It left me with nothing’: the debt trap of payday loans

Meka Armstrong of Detroit, Michigan, has struggled in a cycle of debt from payday loans for years. She first took out a payday loan in 2010 to cover the costs of medication she needs as she is disabled and lives with lupus. “Worst decision I ever made,” said Armstrong. “The interest rate was 49%…#mekaarmstrong #detroit #michigan #latinos #washingtondc #militarylendingact #georgewbush #yasminfarahi #minnesota #annelelandclark

Source: Reuters: Health - June 2, 2023 Category: Consumer Health News Source Type: news