The CBS Evening Information with Scott Pelley – On-line Payday loans arrive with a superior value
In partnership with The Center for Public Integrity, CBS Information main investigative correspondent Armen Keteyian finds out who is guiding the massive business enterprise of on-line payday loans that supply an progress on a paycheck hooked up with crippling desire fees.
6 comments
Pink Pearls March 8, 2017 12:21 am
I use to have up to 5 payday loans at a time out. With prayer to God, I was able to work overtime at my job to help get me out. For 2 years I was able to save & put back in savings. the best way out (for those who can work) is get a 2nd job or work overtime until you can save you a nest egg
ReplyfreeRocky911 March 8, 2017 12:21 am
@JAR – U make a good point.
ReplyfreeRocky911 March 8, 2017 12:21 am
It is true some Indian Tribes Charge to much for Fees. HOWEVER, there are a few Tribes that charge REASONABLE RATES like A $15 FEE added to THE $50 PRINCIPAL a payday to make the bill $65 "INSTEAD" of $125 to 200 a payday.
ReplyJer Ayles-Ayler March 8, 2017 12:21 am
Ramon borrowed $250 for 2 weeks at a cost of $75. Apparently he had zero friends, family members, credit union, bank, or charity to offer him a short-term loan.
Ramon lived where? No mention of this in the CBS News piece. Did he have the option to walk into a payday loan store? State regulators forced him to the internet? The reporter reveals there were 2000 borrower complaints last year. 14,000,000 payday loans were transacted in 2011. That's a .0002 percent complaint rate.Jer-Trihouse
ReplyThomas Nault March 8, 2017 12:21 am
I am a Miami tribal member & this video only confirms what many of us have known for a long time, which is that the Miami Tribe is run predominantly by crooks, liars & thieves. Year after year we have gone to the annual meetings & tried to shed light on the corruption taking place & year after year we are shut down by the tribes system of patronage. They are only interested in furthering their own interests. Even at the cost of others, tribal members included.
Replyhint0122 March 8, 2017 12:21 am
not a shock. tribes have always gone around the law
Reply