Why Utah’s Are Winding Up In Jail After Taking Right Out Pay Day Loans
Payday and name loan providers offer a method to get money fast вЂ” put up the name on the automobile as security and you will get a couple of hundred bucks. The catch? The percentage that is annual, or APR, can be extremely high, meaning you get having to pay a lot more than that which you borrowed.
Utah is house for some associated with the greatest prices in the united kingdom, and a brand new report from ProPublica details exactly exactly just how many people whom neglect to keep pace with re payments have actually also wound up in prison. KUERвЂ™s Caroline Ballard talked with Anjali Tsui, the reporter whom broke the tale.
This meeting is modified for size and quality.
Caroline Ballard: exactly just How this are individuals finding yourself in jail whenever debtorвЂ™s prison is banned for more than a hundred years? (more…)