Inside the payday lending world

An NPR economic reporter sent an online request for a $500 payday loan to see what happened. So what happened? A barrage of contacts, by phone and email, seeking to lend her all kinds of amounts, as high as ten times the amount she asked for, and at interest rates as high as 1300%. But trying to untangle the relationships between the companies and the loan solicitors proved a little harder. You can listen to the whole story here.

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