13 Jul Pay day loans often initiate period of financial obligation Quick fixes are high priced, economic counselors state
Robert Arbuckle makes their living accepting checks that are post-dated those who are broke.
He runs three Oklahoma City "payday loan providers" that offer as much as $300 in fast, effortless money to you aren't a task and a bank checking account. He does not run a credit check or require security. He simply desires a post-dated check or two - and, needless to say, a charge.
To have $100, you need to compose a $120 make sure that are good in thirty day period. After that check clears, you're free - until you request another loan.
And people that are many.