The payday loan business is pretty simple. Clients generally pay a fee of $15 per $100 for a two-week loan. At EZ Money, the fee is $15 for $100, $25 for $200 and $35 for $300. For one-month loans, ...

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Payday loans can trap millions of people in expensive debt cycles, even as economic conditions improve. With many Americans living paycheck to paycheck, these high-cost loans offer quick cash when ...

According to a 2023 report from the Center for Responsible Lending (CRL), 27 states across the country allow payday lending companies to issue single-payment loans with triple-digit interest rates. In ...

The payday loan industry walks the line between helping and taking advantage of people who live from paycheck to paycheck. Which side of that line the lending businesses are on depends on one's point ...

Payday lenders have a lot in common with pawn shops, their close cousins: They depend on lending money to desperate people living close to the edge with nowhere else to turn. They first surfaced about ...

Rita Benson, a married mother of two from Florissant, knows the drill at payday loan shops. "I've had several different loans," she said. "A lot of it was just emergency stuff - my car broke down and ...

Dori Zinn has been a personal finance journalist for more than a decade. Aside from her work for Forbes, her bylines have appeared on CNET, Yahoo! Finance, New York Times, Quartz, Inc. and more. She ...