She envision a primary-title financing would offer certain relief from the lady rigid expenditures
But on account of this lady other loans, Alicia is yes no bank or borrowing from the bank relationship manage provide this lady the bucks. So she went to a pay day bank in her own area and you may got out a great $five hundred financing.
She renewed the loan eight times due to the fact she can simply pay for to invest the newest $85 attention commission most of the two weeks, and finally paid $595 into the attract.