Pay day loans are meant to be described as a short-term magic pill for people who can not get credit that is traditional. Nevertheless the loans are hardly ever really short-term, and borrowers often have to take down a 2nd loan to pay back 1st. Unique correspondent Andrew Schmertz reports from South Dakota, where most are wanting to cap triple-digit rates of interest that numerous find it difficult to spend.
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Chasing the Dream:
Poverty and chance in America is really a multi-platform general public news effort that supplies much deeper knowledge of the effect of poverty on US culture.