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offshore payday loans

The REVOLVING doorPayday loan providers keep borrowers coming back

The REVOLVING doorPayday loan providers keep borrowers coming back

RICHMOND, Va. Elizabeth Lawson’s problems started with an $800 electric bill, the consequence of a malfunctioning hot water heater. Nonetheless it had been her move that is next that her funds spinning out of control.

Lawson, whom lives into the little city of Shawsville in southwest Virginia, visited a lending that is payday in nearby Christiansburg. She borrowed $200, agreeing to pay for a $36 charge once she received her next personal protection check.

Then Lawson, 49, began juggling, borrowing in one payday loan provider to simply help pay back one other.