Payday and name loan providers provide ways to fast get money — put up the name on the vehicle as security and you will get a hundred or so bucks. The catch? The apr, or APR, could be extremely high, meaning you get spending much more than what you borrowed.
Utah is house for some associated with the greatest rates in the united kingdom, and a report that is new ProPublica details just how many people whom are not able to maintain with re payments have actually also finished up in prison. KUER’s Caroline Ballard spoke with Anjali Tsui, the reporter whom broke the storyline.