Ace Cash Express in Chesaapeake Va, claims they will not tack high interest on their loans but the borrower will be charged a late fee if the loan payment isn't met 24 hours from its due date.
photo: abhi ahmadadeen/BMLTV©
(ProPublica) December 16, 2013 - Five years ago, Naya Burks of St. Louis borrowed $1,000 from AmeriCash Loans. The money came at a steep price: She had to pay back $1,737 over six months.
"I really needed the cash, and that was the only thing that I could think of doing at the time," she said. The decision has hung over her life ever since.
