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Payday loan providers sued 7,927 Utahns year that is last. The Salt Lake Tribune by Lee Davidson

Payday loan providers sued 7,927 Utahns year that is last. The Salt Lake Tribune by Lee Davidson

Industry claims many clients can easily pay off loans that are high-interest.

This really is an archived article that had been published on sltrib.com in 2015, and information within the article can be outdated. It’s supplied just for individual research purposes and may also never be reprinted.

Herman Diaz of Southern Salt Lake borrowed their very very first pay day loan ? at about 500 per cent interest that is annual because he needed $300 to fix his automobile.