An Ichthus in a Sea of Loan Sharks
- Dec 6, 2011
- News
- : Faith and Society
Originally published in Christianity Today on 12/6/11
To a hardworking mom facing a cash crunch, a payday loan can seem like awfully good news—the chance to borrow some money in advance of a paycheck that is days or weeks away. But when that paycheck actually arrives, paying back the loan is often out of reach—the average payday loan customer renews their loan nine times, paying new fees each time. Read more.
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