Cash advance providers sued 7,927 Utahns this year that is past. So he sought safety by processing individual a bankruptcy proceeding.

Cash advance providers sued 7,927 Utahns this year that is past. So he sought safety by processing individual a bankruptcy proceeding.

Company guarantees many consumers can effortlessly repay loans being high-interest.

The Salt Lake Tribune by Lee Davidson

This can be an archived article that wound up being posted on sltrib in 2015, and information once you glance at the article may be outdated. Its provided restricted to private research functions that will not be reprinted.

Herman Diaz of Southern Salt Lake borrowed their extremely first advance loan at about 500 percent annual interest because he required $300 to fix their car.

That mushroomed, he states, into very nearly $10,000 of monetary responsibility, basically forcing him into individual bankruptcy that is personal. Continue reading “Cash advance providers sued 7,927 Utahns this year that is past. So he sought safety by processing individual a bankruptcy proceeding.”