A tale of payday loan troubles

Nancy Sineath of North Charleston penned a letter to The Post and Courier about the trouble she encountered when using payday loans.

An excerpt:

If you feel that you absolutely must take this chance, make sure you fully understand that you are in it for the long haul, because when you "pay back" this first loan, you will, nine times out of 10, have to write another check to catch up on what you now owe in other bills.

It's a solid tale of caution: Go read it.

If you were unaware; regulation of the payday loan industry is currently being debated in Columbia. Read about it on our payday load topic page.

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