For many who pay back the loan with the following that paycheck, a payday loan is often a benefit

For many who pay back the loan with the following that paycheck, a payday loan is often a benefit

CBS reports Investigative maker Laura Strickler authored this facts for CBSNews with further reporting from Lauren Zelt.

But some customers see kept.

And here is just how difficulty could start: a customer needs more money and takes out an average $300 move forward to their commission with 15per cent attention at $45. (more…)