ICAN Releases Idaho’s Payday Lending Industry Report

From our affiliate Idaho Community Action Network:

On Monday, Jan. 16 2012, during a protest on EZ MoneyPayday Loans at EZCORP 2911 W. State Street in Boise, members of the Idaho Community Action Network released a report titled “Predatory Lenders Trap Idahoan’s in a Cycle of Debt.

According to the report, Idaho families are: “increasingly struggling to make ends meet. Affordable small scale loans, which could tide families over, are hard or impossible to come by. Finding no alternative, families are turning to “payday” and title loans that come with high interest rates and often wind up trapping them in a cycle of debt.”

To read more about the report, please visit ICAN’s website:  http://idahocan.org/661/idaho%E2%80%99s-payday-lending-industry-report/

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