payday loans

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Nebraskans 18 and older say state legislators should strengthen consumer protections from payday lenders, a recent AARP survey found.
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UNDERSTANDING CASH ADVANCES & PAYDAY LOANS
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By Thomas Korosec
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It sounds like a good deal: Get a short-term loan to cover bills and pay it back when the paycheck (or Social Security check) arrives.
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As state lawmakers consider putting limits on fees charged by payday lenders, AARP is speaking out against these loans, which can trap borrowers in a cycle of debt. Payday loans can carry high interest rates and expensive fees.
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