Within the Battle Over Florida’s Racially-Charged Cash Advance Racket
Whenever Jon Gomez required some cash that is quick fix a cooling fan in their 2007 Toyota, the 38-year-old distribution driver relied on a well known financial solution offered by Amscot—The Money Superstore. The Cuban-American stated he took away a $400 pay day loan at one of their places in Hialeah, Florida, where he lives.
All Gomez had to do was prove employment and write out a personal check from a valid bank account post-dated by 14 days, at which time he was set to receive his next paycheck to get the four Benjamins. He consented to pay off the full amount, plus a $41 finance cost, Gomez recalls.
«we reimbursed the $441, however the following day, we took down another $400 pay day loan because we required the amount of money,» he told VICE. «I happened to be in this cycle that is vicious 90 days.»
Detalles