with DANIELLA CHESLOW
A medical assistant named Angela walked into a branch of Advance America at a strip mall and asked for a loan during a recent lunch hour in Springfield, Va. SheвЂ™d borrow $300 and guarantee to pay for it straight right right right right back within thirty days, with an extra $73 in interest and charges.
This loan would help protect a family group visit to ny, stated Angela, whom asked NPR to not ever make use of her name that is last for reasons. She claims she prefers pay day loans with credit cards and she would rather not approach her family for help because she doesnвЂ™t trust herself.
EveryoneвЂ™s struggling. Therefore, you don’t need to ask, she claims.
It absolutely was convenient and fast. All Angela needed doing ended up being show her ID and write a check dated for the time the mortgage had been due. To obtain her very very very first loan, she introduced a bank statement and spend stub, but she’s got applied for a few more loans since that very first loan вЂ” about two per year.