Sudden Financial Obligation. FOR MARK KEIL, 45, THE SPIRAL started with a few smokes.

Sudden Financial Obligation. FOR MARK KEIL, 45, THE SPIRAL started with a few smokes.

Overdrawn by $5? want a loan until payday? Concealed bank fees and usurious storefront loan providers plunge scores of People in the us into downward monetary spirals.

Originally posted in AARP The Magazine.

“There’s been a well-funded, deliberate work to legitimize payday loan providers,” says Yolanda McGill associated with the Center for Responsible Lending.

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