Clair: Rewiring How America Gets Paid
The Generalist
00:00
Payday Loans - The Insurgents
The average payday loan recipient pays 525 dollars in fees to borrow the same 375 dollars repeatedly. Once a month has passed from the loan's origination, you will owe a further 300 forty five. On top of this roll over, you might get slapped with a late fee, further increasing your cost. The result is a vicious cycle that is hard to escape.
Transcript
Play full episode
