Sentences with phrase «digit debt traps»
Not exact matches
The Case for Banning Payday Lending: Snapshots from Four Key States (June 2013) This report outlines the battles against the payday lending industry in states with strong usury cap protections, such as New York and North Carolina, and in states like California and Illinois with weaker laws that allow payday lenders to charge triple - digit APR loans that trap people in a cycle of debt.
http://www.calreinvest.org/
Paying double - digit interest rates is a quick way to suck the life out of your finances and trap you in a vicious debt spiral.