Payday lenders suck Kentuckians into a cycle of debt that can be nearly impossible to break, consumer advocates testified at a public hearing Wednesday in Lexington on deferred-deposit loans. “I constantly see the effects of the debt trap of payday loans,” said Bill Embry, a longtime Lexington merchant who also founded St. James Place to [...]
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Payday lending is costly to borrowers, advocates say
October 27th, 2010 
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Posted in Buy a Car 
Tags: Advocates, Bill Embry, borrowers, consumer advocates, costly, debt, debt trap, deposit loans, lending, Lexington, loan, low income housing, payday, payday lenders, short term loan, St. James 
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