Payday Loans

Small Loans, a predatory lender owned by Money Tree, Inc, gave a $200 “payday loan” to a disabled, elderly, illiterate man and thereafter took in his benefits check for him and paid him a small “allowance” out of it, less the money they deducted as “repayment” on the loan. They took 1000s from the man over a period of years, bleeding him so badly that he ended up homeless, begging for power to run the machine that treated his chronic lung infection.

if the us banking system were not so decrepit this would not be an issue

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