Missouri man paid $50,000 in interest after taking $2,500 in payday loans

<p><a href="https://www. avi icke.com/wp-co te t/ ploa s/2016/05/HT_pay ay_loa s_as_160520_16x9_608.jpg" rel="attachme t wp-att-372739"><img class="size-f ll wp-image-372739 alig ce ter" src="https://www. avi icke.com/wp-co te t/ ploa s/2016/05/HT_pay ay_loa s_as_160520_16x9_608.jpg" alt="HT_pay ay_loa s_as_160520_16x9_608" wi th="608" height="342" srcset="https://www. avi icke.com/wp-co te t/ ploa s/2016/05/HT_pay ay_loa s_as_160520_16x9_608-300×169.jpg 300w, https://www. avi icke.com/wp-co te t/ ploa s/2016/05/HT_pay ay_loa s_as_160520_16x9_608.jpg 608w" sizes="(max-wi th: 709px) 85vw, (max-wi th: 909px) 67vw, (max-wi th: 984px) 61vw, (max-wi th: 1362px) 45vw, 600px" /></a></p>
<p>‘Small pay ay loa s are to te as q ick, short-term access to mo ey, b t people like Elliott Clark of Ka sas City, Misso ri, call them “ ebt traps.”</p>
<p>A retire a isable Mari e, Clark still has a har time talki g abo t the more tha 5 years i which he says he str ggle to pay $50,000 i i terest which bega with $2,500 of these loa s, sometimes calle “cash a va ces” or “check loa s.”</p>
<p>“It was har for me to talk abo t it witho t breaki g ow i tears,” Clark tol ABC News. “If yo ’re a ma yo take care of yo r family. If I ha a other choice, I wo l have take it. I wo l ’t have gotte i that sit atio at that time.”‘</p>
<p><a href="http://abc13.com/ ews/misso ri-ma -pai -$50000-i -i terest-after-taki g-$2500-i -pay ay-loa s/1349121/" target="_bla k">Rea more: Misso ri ma pai $50,000 i i terest after taki g $2,500 i pay ay loa s</a></p>