Banning payday advances directs hopeless borrowers working to pawn shops

Banning payday advances directs hopeless borrowers working to pawn shops Until 2008, a cash-strapped shoppers in Kansas in search of a simple, two-week financing from a payday bank will discover themselves paying a significant price. These unsecured short term loans—often attached with a post-dated check and seldom surpassing $500 at a go—carried annual ratio charges […]