NPR Marketplace: Payday lenders inspire mixed feelings from borrowers

February 20, 2013

Excerpt:  Generally, payday loans are advertised as quick fixes for unexpected expenses — a couple hundred dollars to hold borrowers over until their next paycheck. But a new report from The Pew Charitable Trusts released Wednesday found the average borrower ends up in debt for five months, paying $520 in finance charges for loans of just $375.  Read More at Marketplace.org