All this work in our Cost of Living Series, Call 6 Investigates Kara Kenney is digging into financial stressors that impact your daily life week.
INDIANAPOLIS — pay day loans, a good amount that is small could find yourself costing you thousands over time, based on Indiana fiscal experts and a south part man who wound up filing for bankruptcy because of payday financing.
Mike Webb, a recruiter whom lives from the south part, was coping with the effect of payday financing when it comes to decade that is past.
Webb had been a behind that is little bills back 2007 and needed $400 to produce a vehicle re payment.
“I saw a way to get a cash advance,” said Webb. “It had been a quick and simple possibility to get some good cash to cover the bills.”