End payday lending trap


Chris Sanders, Special to The Courier-Journal

Hurry in to get your holiday cash today!” “Bring extra cash Ho-Ho-Home for the Holidays!” These advertisements for payday loans can be hard to escape during the holidays. After seeing these advertisements, many well-intentioned parents and grandparents will take out a loan in order to purchase gifts for their loved ones. That few hundred dollars will push them into a debt trap that could cost them thousands to escape from.

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