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    CBS Information Investigative Producer Laura Strickler published this tale for CBSNews with extra reporting from Lauren Zelt.

    For folks who pay off the mortgage along with their next paycheck, an online payday loan could be a boon. However some customers have stuck.

    Here is exactly just just how issues will start: a customer needs money that is extra removes a normal $300 advance to their paycheck along side 15% interest at $45. But a couple of weeks later whenever their next payday arrives and additionally they pay back the loan, they find they are unable to manage to go on what exactly is kept, so they sign up for another loan at $345. (more…)