'Easy Money': Georgia's payday-loan industry. Borrow $750, pay back $4,284. Critics say high-interest lenders growing fast by targeting desperate, low-income borrowers.

Number 20383
Subject Loan Scams
Source Telegraph and News (Macon, Ga.)
State GA
Year 2003
Publication Date June 22, 23
Summary "Payday lenders are doing a big, high-interest, unregulated and possibly illegal business in Georgia by exploiting desperate, low-income borrowers."
Category General
Pages 17
Keywords payday;loans;high-interest;low-income;borrowers;banks;quick cash;scams;illegal;business;money;financial industry
Related Links www.inscomm.state.ga.us; www.consumerfed.org; www.cfsa.net
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