Brand-new document: Coloradans invest 119 to access 392 Through paycheck financing

Pay check lenders remove 50 million every year from Colorado economic situation

DENVER, CO – The Center for accountable loaning (CRL) published a study today showing that payday financial institutions charge Coloradans typically 119 in charges and fees to borrow 392, with an ordinary apr (APR) of 129per cent. This exercise strips 50 million every year from low-income Coloradans. (more…)