Why Utahns Are Finding Yourself In Jail After Taking Out Fully Payday Advances

Why Utahns Are Finding Yourself In Jail After Taking Out Fully Payday Advances

Payday and name loan providers provide ways to get money fast — put up the name on the automobile as security and you will get a couple of hundred bucks. The catch? The apr, or APR, can be hugely high, meaning you get having to pay a lot more than that which you borrowed.

Utah is house for some associated with greatest prices in the united kingdom, and a report that is new ProPublica details exactly how some individuals whom neglect to keep pace with re re re payments have actually also finished up in prison. KUER’s Caroline Ballard talked with Anjali Tsui, the reporter whom broke the tale.

This meeting happens to be modified for size and quality.

Caroline Ballard: just exactly exactly just How this are individuals finding yourself in jail whenever debtor’s prison is prohibited for more than a hundred years? Read more