Payday loan stores give some debtors only option

by DeLadurantey Law Office, LLC on August 4, 2009

For many people with low credit ratings, they have few options when they need to get a loan. Some go to payday loan stores, but these loans often come with high interest rates.

People struggling with debt are forced to go to payday loan stores because other financial institutions will not lend to them. But if they cannot repay the loan or interest, they are forced to roll over the loan, which forces them to pay more interest. These rollovers can lead to interest rates that are higher than 100 percent.

If you or anyone you know is struggling to repay debt, contact the Milwaukee debt negotiation lawyers of the DeLadurantey Law Office, LLC at 414-377-0518.

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