Payday loans: boon or bane?
Payday loan stores are all over Kansas and according to recent figures, there’s been a recent growth surge in the industry, which leads to a surge in debt for Kansans. Credit counselors claim to be seeing an increasing number of people forced into debt thanks to this surge in the availabilty of payday loans. 49abcnews.com reports:
Those who work in the payday loan industry said they are most often used by people with legitimate emergencies, like needed medicine for a sick child or necessary car repairs.
Read more: Benefits, consequences associated with payday loans
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