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Wisconsin lawmakers aim to rein in payday loan providers
MILWAUKEE — a lot more than $22 million in pay day loans had been released in Wisconsin just last year.
The interest paid was more than the initial loan in some cases.
Now, a combined band of lawmakers would like to rein in payday loan providers.
One girl claims she regrets the mortgage she took down and reached off to make contact with 6.
“we felt like these were benefiting from me personally,” stated Jasmine Gray.
On CashNetUSA, Gray ended up being authorized for a financial loan and also arrived that same time.
Her relief ended up being short-lived.
“They delivered me personally the agreement and I also ended up being like, ‘wait one minute, exactly just exactly what? Which is exactly how much i need to pay off?'” stated Gray.
Ends up Gray’s loan had a percentage that is annual of 338per cent. Continue reading “‘we felt like these people were benefiting from me:’ Wisconsin lawmakers turn to rein in payday loan providers”