The difficulty behind the continuing company of installment loans

Share Now on:

  • Facebook
  • Twitter
  • LinkedIn
  • E-mail


The three-bedroom red-brick Tudor home backing onto a wooded lakefront in residential district Atlanta just isn’t fundamentally where one expects to get an account of ‘installment loans gone bad. ’

That is where 31-year-old Katrina Sutton lives along with her grandfather. Sutton claims her grandfather is “just timid of struggling. ” He’s on impairment, staying in touch the mortgage repayments.

Sutton is simply simple fighting. She lives into the cellar apartment, and attempts to keep classes that are taking her associate’s level in business management. She’s got a GED, and $15,000 in pupil financial obligation toward a previous associate’s level through the University of Phoenix that she never completed. She additionally attempts to keep pace on her behalf bills — cable, Web, cellular phone, auto insurance — while helping her grandfather spend the resources whenever she can.

Things began getting bad within the recession: 2008. She had been let go from her job delivering automobile components.

“Then we started employed by Walmart, ” claims Sutton. She had been making about $800 a month before fees.

“It was part-time, ” she states, “so I became hoping to get bills cared for.

Read more