Pete Alfeche doesn’t remember precisely how he first encountered CashNetUSA, the affiliate that is online of payday loan provider Cash America. He thinks he got an email pitching a loan that is quick.
But Alfeche, a Havertown insurance adjuster, is convinced of 1 thing: just as much he needed the $250 he borrowed that day five years ago, taking the high-cost, short-term loan was a mistake he’d like to help protect others from making as he believed. Within per year, he had compensated almost $2,000 in finance fees, a lot of it to repeatedly roll over the loan that is initial. Continue reading “Pay day loan companies openly flout Pa”