(Cash Before Payday) Life's 411: Payday Loans - WCIA-3 News
You’ve heard the ads on the radio and chances are you’ve seen the signs driving down the street. Cash advance, payday loan stores are popping up everywhere while the economy is slowing this business seems to be booming. They’re being marketed to those with last minute emergencies, but they’re also being marketed to those that want spending cash or last minute weekends away,”says Elizabeth Schomburg with Family Credit Management. For those with a plan to pay it off, Payday loans can be a way to get yourself out of a financial emergency, but for others with true financial difficulties Payday loans can turn into a revolving door of debt with extremely high penalities. While that’s an alternative, possibly the best advice is to prevent the problem before you get into a financial mess. Students and staff at Southeast High School fear they're being left out of the district's huge building plan. Learn more
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