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    Payday Nation

     Calif. — The whitewashed, one-story office just off California’s Highway 20 doesn’t look like much.
    But the building is listed as the address of at least four thriving financial enterprises. They are part of the multibillion-dollar industry of online payday loans: short-term loans of up to $1,000 that are sought by low-income people whose bad credit makes them so desperate for a cash advance they will accept interest rates that can exceed 400 percent.

    Source projects.aljazeera.com

    Notes

    1. chahtasmmr reblogged this from nativeamericannews
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    4. 6dogs9cats reblogged this from nativeamericannews and added:
      SHAMEFUL….we always eat our own, we are carnivores to the 3rd power.
    5. semurray1994 reblogged this from nativeamericannews
    6. nativeamericannews posted this

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