22 January, 2020 | By Magnus Frejd |
APPLETON, Wis. — This city of 70,000 has five McDonald’s franchises, three Pizza Huts, four Starbucks stores — and 19 loan that is payday, brightly lighted storefronts with names like EZ Money and Check towards money that provide two-week loans without credit checks.
Peggy Truckey, 53, understands the attraction. Final year she owed almost $1,300 to four of the shops, and ended up being spending about $600 four weeks in finance charges alone. “I was thinking we ended up being likely to need to simply take a moment task merely to spend the interest off,” Ms.