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Why Utahns Are Finding Yourself In Jail After Taking Out Pay Day Loans

Payday and title loan providers provide a method to get money fast — put up the name in your automobile as security and you may get a hundred or so bucks. The catch? The percentage that is annual, or APR, can be hugely high, meaning you get spending a lot more than that which you borrowed.

Utah is house with a associated with the greatest prices in the united states, and a report that is new ProPublica details exactly just how many people whom neglect to continue with re re re payments have actually also wound up in prison.