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

Elliott Clark borrowed money to guide their household but struggled to cover it right straight straight back.

— tiny payday advances are touted as quick, short-term usage of cash, but individuals like Elliott Clark of Kansas City, Missouri, call them “debt traps.”

A retired and disabled Marine, Clark continues to have a hard time speaking in regards to the significantly more than 5 years by which he states he struggled to pay for $50,000 in interest which started with $2,500 among these loans, often called “cash improvements” or “check always loans.”

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