Fast Factual Statements About Payday Lending. PAYDAY LENDING RESULTS IN LONG-TERM DEBT TRAP
Below are some fast information about the lending that is payday in Louisiana, published by LBP analyst David Gray.
- Relating to industry representatives, payday financing was created to trap borrowers in long-lasting rounds of financial obligation:
“The theory in the industry is that you’ve got to have that customer in, work to make him right into a repetitive consumer, long-term consumer, because that’s really where in actuality the profitability is. Continue Reading