OVERLAND PARK, Kan. – For Us citizens struggling in this economy, an advance on a paycheck could be a lifeline. These advances – also referred to as payday advances – are becoming a fast-growing online businesses, with almost $11 billion lent away year that is last.
The funds frequently is sold with crippling rates of interest, as CBS Information chief investigative correspondent Armen Keteyian discovered with this report together with the middle for Public Integrity.