Sign In This, Look At Real Sharks: Payday Lenders week

Sign In This, Look At Real Sharks: Payday Lenders week

Activists like to draw focus on several of the most predatory companies that are financial.

By George Zornick Twitter

12, 2014 august

Activists rally Tuesday outside an Advance America outlet in Columbia, Missouri. The organization may be the biggest payday loan provider in the usa. (Photo by Ryan Betz of GRO Missouri)

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The maximum amount of of America turns its focus on the Discovery Channel’s Shark Week, activists are bringing focus on a kind that is different of loan providers. This week, targeted actions outside payday loan outlets aim to highlight the debt traps that so often plague their clients in Illinois, Iowa and Missouri.

At one occasion morning in Columbia, Missouri, activists rallied outside an Advance America “cash advance center, ” tuesday

That provides residents short-term, high-interest loans for fairly lower amounts of income. Advance America could be the payday lender that is largest in the usa.

Activists held signs reading “the bad can perhaps not manage to spend more” plus some dressed as sharks, relating to pictures evaluated by The Nation, while a Navy airman described being trapped by a pay day loan. Continue reading