(Front Page of Yesterdays LA Times) Borrow $5,000, repay $42,000 — How super high-interest loans have boomed in California

[JoAnn] Hesson’s $5,125 loan was scheduled to be repaid over more than seven years, with $495 due monthly, for a total of $42,099.85 — that’s nearly $37,000 in interest. “Access to credit of this kind is like giving starving people … Continue reading (Front Page of Yesterdays LA Times) Borrow $5,000, repay $42,000 — How super high-interest loans have boomed in California