Payday Loans Can Trap Consumers With Interest Rates, Hidden Fees

Payday lenders offer a quick cash fix to those in a financial bind but high interest rates and other issues can trap people in a cycle of debt. NBC News’ Vicky Nyguen explains what consumers should know before taking out…

Payday Loans Can Trap Consumers With Interest Rates, Hidden Fees

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Payday lenders offer a quick cash fix to those in a financial bind but high interest rates and other issues can trap people in a cycle of debt. NBC News’ Vicky Nyguen explains what consumers should know before taking out a loan. 

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