Top Leaderboard, Site wide
Shop the Truthdig Gift Guide 2014
December 22, 2014
Truthdig: Drilling Beneath the Headlines
Sign up for Truthdig's Email NewsletterLike Truthdig on FacebookFollow Truthdig on TwitterSubscribe to Truthdig's RSS Feed

Get Truthdig's headlines in your inbox!


Loss of Rainforests Is Double Whammy Threat to Climate






Truthdig Bazaar
The Inheritance

The Inheritance

By David E. Sanger
$17.79

more items

 
A/V Booth

John Oliver on Why You Should Resort to ‘Anything Else’ Before Taking Out a Payday Loan

Email this item Email    Print this item Print    Share this item... Share

Posted on Aug 12, 2014
Screen shot/YouTube

Payday loan providers have been around for twenty years or so, and in that time their growth rate has been exponential for one reason alone: The services they provide are a huge, undeniable, legal scam. With interest rates that far exceed the maximum rates most loan providers are allowed to charge, payday lenders skirt around regulations to charge up to 1,900 percent interest a year. As one person on the “Last Week Tonight” clip put it, it’s as though being a loan shark is legal in the U.S.

Watch John Oliver and comedian Sarah Silverman explain why you need to avoid them at all costs. 

—Posted by Natasha Hakimi Zapata

Advertisement

Square, Site wide

New and Improved Comments

If you have trouble leaving a comment, review this help page. Still having problems? Let us know. If you find yourself moderated, take a moment to review our comment policy.

 
Monsters of Our Own Creation? Get tickets for this Truthdig discussion of America's role in the Middle East.
Right 1, Site wide - BlogAds Premium
 
Right Skyscraper, Site Wide
Right 2, Site wide - Blogads
 
Join the Liberal Blog Advertising Network
 
 
 

A Progressive Journal of News and Opinion   Zuade Kaufman, Publisher   Robert Scheer, Editor-in-Chief
© 2014 Truthdig, LLC. All rights reserved.

Like Truthdig on Facebook