[lbo-talk] "Pay day" loans exacerbate housing crisis

uvj at vsnl.com uvj at vsnl.com
Mon Mar 31 11:31:50 PDT 2008


Reuters.com

"Pay day" loans exacerbate housing crisis http://www.reuters.com/article/domesticNews/idUSN1045663120080324?sp=true

Mon Mar 24, 2008

By Nick Carey

CLEVELAND (Reuters) - As hundreds of thousands of American home owners fall behind on their mortgage payments, more people are turning to short-term loans with sky-high interest rates just to get by. http://www.reuters.com/article/domesticNews/idUSN1045663120080324?sp=true



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