Austin American-Statesman: Commentary, Fighting Ills of Payday Lending Takes Entire Community
November 13, 2014
Three months after losing his job, Ruperto Pantoja took out his first payday loan. He’d needed the $1,000 to pay his mortgage, and the fast fix to this financial crisis ended up costing him dearly: In eight months, Pantoja has paid his lenders $2,400 — more than double what he’d originally asked for — and is still in debt for the full $1,000. Read more here.