We talk to a woman who explains why taking out a payday loan didn’t ease her money troubles but made them worse.
The high interest rates on payday loans can sometimes trap people in a cycle of debt, but a new California law will provide some protections to consumers.
We’ll also detail other ways consumers can protect themselves from the vicious cycle of payday loans.
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In Focus California: SoCal airs Sundays at 9 a.m. and In Focus California: In Your Community airs Sundays at 9:30 a.m. on Spectrum News 1.