Services of HoyDallas.com
PORTLAND, Ore. -- FC Dallas lost its final match of the preseason, 2-1, to the San Jose Earthquakes today at JELD-WEN Field in Portland, Ore. Jackson scored the lone goal for FC Dallas while Chris Wondolowski and Mike Fucito found the back of the net for the Earthquakes.
21 feb 2013
Pew Survey: Payday Loans Fail to Work As Advertised
Services of HoyDallas.com
WASHINGTON -- A new report from
The Pew Charitable Trusts, Payday Lending in America: How Borrowers Choose
and Repay Payday Loans, sheds light on the decision 12 million Americans
make every year to use a payday loan. Pew's survey results reveal that people choose these loans to avoid outcomes
like long-term debt, borrowing from family or friends, overdraft fees, and
cutting back further on expenses. But the average loan requires a repayment of
more than $400 in two weeks, the typical duration, when the average borrower can
only afford $50. When borrowers have trouble paying off the loan, they return to
the very same choices they initially tried to avoid.
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| Research shows that the average payday loan is $375 |
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