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Payday loan providers sued 7,927 Utahns year that is last. Industry claims many clients can easily repay high-interest loans

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Payday loan providers sued 7,927 Utahns year that is last. Industry claims many clients can easily repay high-interest loans

Industry claims many clients can easily pay off high-interest loans.

The Salt Lake Tribune by Lee Davidson

This really is an archived article that had been posted on sltrib.com in 2015, and information when you look at the article might be outdated. It really is supplied limited to individual research purposes and can even never be reprinted.

Herman Diaz of Southern Salt Lake borrowed their very very first pay day loan at about 500 per cent interest that is annual he required $300 to correct his automobile. (more…)