consumer credit

Health & Wealth Report
10:13 am
Tue April 3, 2012

Payday loans: credit option or debt trap?

Rachel English, with Grass Roots Organizing, gathers signatures in Columbia for the 36 percent cap.
Jacob Fenston KBIA

Missouri is fertile ground for payday lenders. With some of the loosest regulations in the nation, we are among the states with the most payday lending stores per capita. In this Health & Wealth report, the payday lending industry in Missouri fights for its life, as activists aim for the November ballot to try to rein in these lenders they say trap the working poor in a cycle of debt.

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