Law Firm of Gregory A Ross, PC

May 2, 2013

Payday Loans Leading to Revolving Door of Debt

Filed under: Bankruptcy,Debt Collection,Financial Planning — gregoryrosspc @ 12:01 pm

Short-term “payday” loans, and similar “deposit advance” loans offered by major banks, are trapping many consumers in a “revolving door of debt,” according to a study due to be made public Wednesday by the Consumer Financial Protection Bureau. See the article here:

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