News

March 24, 2008

"Pay day" loans exacerbate housing crisis (Reuters)

Filed under: FInancial — Admin @ 5:05 am

A foreclosed home in Chicago is seen in this January 28, 2008 file photo. (John Gress/Files/Reuters)Reuters - As hundreds of thousands of American
home owners fall behind on their mortgage payments, more people
are turning to short-term loans with sky-high interest rates
just to get by.

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