Payday Loans

There's been a steady increase in the number of payday lenders in the state, and some say that increase, leads to an increase of debt for a growing number of people.
Nearly 12-hundred pay day lending stores in the state offer consumers a chance to write a post dated check for a certain amount until pay day, but consumer advocates say that comes with a high interest rate.
Although state lawmakers failed to set regulations for the payday lending industry this year, Bernique says she hopes the push for reform continues.
The bill would have created a database of borrowers and barred them from having more than one loan at a time.

For more information about payday loans, please see on wcbd.com