Inflation of gas and consumables has predatory lenders seeing gold rush

by QCash Financial CUSO

“I felt like I was in a stranglehold each payday. After a while, I thought, ‘I’m never going to get off this merry-go-round. I wish I’d never gotten these loans.” -Anita Monti

Anita Monti walked through the doors of an Advance America payday lending outfit with the sole objective of solving a challenge any grandmother may have – how to help give her grandkids the best Christmas possible.

As explained by The Center for Responsible Lending, Anita’s acceptance of the payday lending outfit’s disingenuous offer of financial assistance resulted in costing her almost $2,000 she couldn’t afford to lose, not to mention weeks and months of financial – and worse than that, psychological – stress.

“I needed the cash to get through the week. It didn’t cross my mind that I was borrowing back my own money.”

 

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