Missouri guy Paid $50,000 in Interest After using $2,500 in pay day loans

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Missouri guy Paid $50,000 in Interest After using $2,500 in pay day loans

Elliott Clark borrowed cash to guide their family members but struggled to cover it straight straight back.

— tiny pay day loans are touted as quick, short-term use of cash, but individuals like Elliott Clark of Kansas City, Missouri, call them “debt traps.”

A retired and disabled aquatic, Clark continues to have a time that is hard concerning the significantly more than five years by which he claims he struggled to cover $50,000 in interest which started with $2,500 of the loans, often called “cash improvements” or “check always loans.”