Minnesotans burned by far-away online loan providers

Predatory lenders from Malta, the western Indies and remote places lure borrowers into loans with annualized interest levels topping 1,500 %.

This short article had been monitored by MinnPost journalist Sharon Schmickle and manufactured in partnership with pupils during the University of Minnesota class of Journalism and Mass correspondence. It’s one in a number of periodic articles funded by way of a grant through the Northwest region Foundation.

“They have now been harassing me at the job and I also have actually suggested in their mind on a few occasions that we can’t get non-emergency calls at the job and are quite aggressive . . . threatening to send a constable to my task to provide me papers,” a St. Paul resident reported.

“i’ve been that is payin . . $90 every fourteen days and none from it went to the principal of $300,” a Glencoe resident published.

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