Need Fast Cash? Beware Of Triple Digit Interest | WAMU 88.5 - American University Radio

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Need Fast Cash? Beware Of Triple Digit Interest

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Payday loan companies promise you fast cash before your next paycheck. It may seem like a good idea, but a small loan can lead to high interest rates and mountains of debt. Guest host Allison Keyes talks with Washington Post columnist Petula Dvorak who reported on how one man's $1,500 loan could have ended up costing him $18,000.
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