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Why Utahns Are Finding Yourself In Jail After Taking Out Pay Day Loans

Why Utahns Are Finding Yourself In Jail After Taking Out Pay Day Loans

Payday and title loan providers provide a method to get money fast — put up the name in your automobile as security and you may get a hundred or so bucks. The catch? The percentage that is annual, or APR, can be hugely high, meaning you get spending a lot more than that which you borrowed.

Utah is house with a associated with the greatest prices in the united states, and a report that is new ProPublica details exactly just how many people whom neglect to continue with re re re payments have actually also wound up in prison. KUER’s Caroline Ballard spoke with Anjali Tsui, the reporter whom broke the storyline.