Still, Ms Ellis has sometimes turned to risky payday loans (short-term borrowing with high interest rates) as she grapples with grocery prices that have surged 25% since Mr Biden entered office in January 2021.
Payday loans caused such a problem for young and dumb military members that there’s a law about how much interest they can charge military members, and subsequently won’t loan to military members.
We need those predatory interest laws to protect everyone.
But it’s depressing as fuck the rates are so predatory it literally had a negative impact on the US military.