Price of Living: pay day loans leave some Hoosiers bankrupt, attorney says
All of this in our Cost of Living Series, Call 6 Investigates Kara Kenney is digging into financial stressors that impact your daily life week.
INDIANAPOLIS — payday advances, a good touch, could find yourself costing you thousands in the end, relating to Indiana fiscal experts and a south part guy whom finished up filing for bankruptcy because of payday financing.
Mike Webb, a recruiter whom lives regarding the south side, happens to be coping with the effect of payday financing for the decade that is past.
Webb had been a small behind on bills back 2007 and required $400 to help make an automobile re re payment. (more…)