Monday, April 01, 2013

Wow - sobering stat


MORE SENIORS TURNING TO PAYDAY LOANS, STUDY FINDS
Dallas Morning News - March 31, 2013
When the Center for Responsible Lending released its latest report on payday loans, one statistic jumped out at me: More than 25 percent of bank payday loan borrowers are Social Security recipients. This is the latest in a series of studies showing that seniors are carrying more debt at a time in their lives when they can ill afford such a burden.
 
http://www.dallasnews.com/business/columnists/pamela-yip/20130331-more-seniors-turning-to-payday-loans-study-finds.ece