Business

Published — July 6, 2011

What’s your experience with short-term or payday loans?

Help inform iWatch’s reporting through the Public Insight Network

Introduction

In continuation of our investigative series, Debt Deception, iWatch reporter Ben Hallman is interested in learning more about “payday” lenders — firms who give small, short-term loans intended to cover a borrower’s expenses until his or her next payday.

In 2009, Americans borrowed an estimated $42 billion in short-term payday loans. These loans, issued by specialty lenders and check cashing operations along with some traditional banks and credit unions, often come with high fees and interest rates.

If you’ve ever applied for such cash advances, we’d like to hear more about your experience. Your insights will help guide our reporting for a new story.

What do you know about payday loans? Help our reporters by telling us your experience.

Interested in learning more about the Public Insight Network? Read about how you can assist award-winning investigative journalists by sharing your expertise.

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Linda GordonET69Jello Beyoncesam fetters Recent comment authors
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sam fetters
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sam fetters

What do AT&T, Verizon and Crown Castle International Corp have in common? The largest institutional shareholders of each includes firms like: Vanguard, BlackRock, State Street (the “Big Three”), Invesco, Fidelity (FMR), JP Morgan, Wellington Management, Geode, T Rowe Price, Bank of America, and other of the largest money-management and investment firms, whom operate collaboratively (even comprising the largest shareholders of each other), forming virtual monopolies amongst the largest “competing” corporations, in most every single industry, via large share holdings. (source = http://investors.morningstar.com/ownership/shareholders-major.html?t=CCI) These are the same firms whom also largely own the third largest telecom, T-Mobile. The own the largest… Read more »

Jello Beyonce
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Jello Beyonce

I’ve a theory that the supposed “Trade Wars” and “sanctions” and political/military strife going on between the U.S., China, Russia, etc. are merely distractions, serving to divert attention away from the growing authoritarianism and Oligarchic control spreading across the globe. “Nationalism” is being used as a propagandist covert means of continued increasing Globalism. As this article states: “A Russian woman stood up to speak at one of these public meetings, and she said that when she lived in Russia, the government slam dunked her and she had no say,” King said. “Now she lives in the United States of America,… Read more »

ET69
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ET69

Marx was right about capitalism . Capital gets more and more concentrated in fewer and fewer hands. There is no way out of this greed. We need socialism!

Linda Gordon
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Linda Gordon

5g is a kill grid. The depployment of this weapon is an act of terroism genocide and ecocide. The marketers need to be jailed as terrorists.