Let me make it clear about Need Fast money? Watch Out For Triple Digit Interest

Let me make it clear about Need Fast money? Watch Out For Triple Digit Interest

ALLISON KEYES, HOST:

I Am Allison Keyes. It is LET ME KNOW MORE from NPR Information. Michel Martin is away. Coming, we glance at exactly exactly exactly how con artists utilize mail to scam older people. We’ll talk with an associate associated with U.S. Postal Inspection provider about some typical swindles and just how to get them. Which is simply ahead.

But first, we have a look at another real method individuals are being tricked into losing thousands. Pay day loan organizations promise quick money before your next paycheck. Perhaps you’ve heard the advertisements regarding the radio or perhaps you’ve heard of night that is late featuring pitchmen like Montel Williams.

(SOUNDBITE OF TV RETAIL)

MONTEL WILLIAMS: have you been dealing with a car that is unexpected bill, a medical crisis or perhaps require money until payday? Well, you might not have that cash today, you can in about 24 hours.

KEYES: a fast advance loan may seem like a great concept, but as Washington Post columnist Petula Dvorak writes, it is actuallyn’t constantly. Continue reading “Let me make it clear about Need Fast money? Watch Out For Triple Digit Interest”

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