Are payday loans a good source of emergency cash? Thanks to misleading marketing, many of its consumers unfortunately think so.
"Payday lending stores are opening their doors in low-income neighborhoods at a rate equal to Starbucks in affluent ones,” states NAACP Chairman Emeritus Julian Bond to illustrate how payday lenders are rapidly sinking their roots into our communities.
Many payday loans trap consumers by encouraging them to repeatedly pay high fees for borrowing small amounts of money.


