Instructor: $200 pay day loan pressed us to brink of bankruptcy

Instructor: $200 pay day loan pressed us to brink of bankruptcy

With bills turning up, her credit shot, and a selection looming every day of whether or not to invest her final bucks on meals or on fuel to make the journey to work, senior school science teacher Dawn Schmitt went online searching for economic hope.

Search engines led her towards the web site of the ongoing business called MyNextPaycheck. And within a few minutes, $200 had been deposited into her banking account – a short-term loan to cushion her until her next payday.

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It seemed too advisable that you be real, she told a federal jury month that is last. Continue reading “Instructor: $200 pay day loan pressed us to brink of bankruptcy”