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The Debt Cycle: Using Payday Loans To Make Ends Meet

Noah_Bodie
Senior Contributor

The Debt Cycle: Using Payday Loans To Make Ends Meet

The numbers in this article are staggering, and this is from 5 years ago. I almost don't wanna
 
 
In February 2002, the National Endowment for Financial Education and the Consumer Federation of America co-sponsored a forum entitled “The Debt Cycle: Using Payday Loans to Make Ends Meet.”
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Industry revenues have ballooned from $810 million in 1998 to a projected $45 billion in 2002.
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