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Archive for the ‘Nebraska Payday Loans’ category

Payday and name loan providers provide a method to get money fast — put up the title on your vehicle as collateral and you may get a hundred or so dollars. The catch? The apr, or APR, can be hugely high, meaning you get having to pay much more than that which you borrowed.

Utah is house with a for the greatest prices in the united states, and a brand new report from ProPublica details exactly exactly how some individuals whom are not able to continue with re re payments have also wound up in prison. KUER’s Caroline Ballard spoke with Anjali Tsui, the reporter whom broke the storyline.

This meeting happens to be modified for size and clarity.

Caroline Ballard: just How this are individuals winding up in jail whenever debtor’s prison was prohibited for more than a hundred years?

Anjali Tsui: Congress really banned debtors prisons when you look at the U.S. in 1833. Read more »