Payday lending was created as a means to help consumers pay their bills until their paychecks arrive. However, in return for the loan the consumers have to pay a post-dated check for the amount borrowed plus a fee. This fee can have a high influx rate thus trapping hard working Nevadans into debt. It is important that the money remains in the pockets of hardworking Nevadans and out of the the pockets of wealthy corporations.
Photo caption: PLANista’s rally and march to nearby payday lender to call attention to predatory lending. Photo Credit: La Firma.