Texas Tribune: “Debtors’ Treadmill, Part One: Borrowed Time”

November 19, 2009

Excerpt: “Preston White’s daughter needed a little cash a couple of months ago to relocate her family when she got back from Iraq. ‘We needed to get them some money really quick,’ he said. He tried to get a loan from his regular bank to help the returning U.S. Army veteran, but was denied. So he picked up a phone book, flipped through the pages and saw an ad for a company that guaranteed fast loans. That’s when his ‘real horror story’ started…” Read more on the Texas Tribune site >>