Mary Love borrowed $400 from a payday loan store in Louisville to help cover her living expenses a decade ago. Fees were added to her debt every two weeks, and Love struggled to repay the principal. “I never caught up enough to pay them back,” she said. “I probably paid them $1,400 in interest over those two years in order to keep borrowing $400.” Love posed for a portrait while working at Crescent Hill Presbyterian Church in Louisville, Friday, July 01, 2016.
Mary Love borrowed $400 from a payday loan store in Louisville to help cover her living expenses a decade ago. Fees were added to her debt every two weeks, and Love struggled to repay the principal. “I never caught up enough to pay them back,” she said. “I probably paid them $1,400 in interest over those two years in order to keep borrowing $400.” Love posed for a portrait while working at Crescent Hill Presbyterian Church in Louisville, Friday, July 01, 2016. Jonathan Palmer Jonathan Palmer
Mary Love borrowed $400 from a payday loan store in Louisville to help cover her living expenses a decade ago. Fees were added to her debt every two weeks, and Love struggled to repay the principal. “I never caught up enough to pay them back,” she said. “I probably paid them $1,400 in interest over those two years in order to keep borrowing $400.” Love posed for a portrait while working at Crescent Hill Presbyterian Church in Louisville, Friday, July 01, 2016. Jonathan Palmer Jonathan Palmer

Quick cash from payday loans comes at a high price

July 08, 2016 2:22 PM

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