June 29, 2009 3:19 PM

Study: Payday loan users say they have no other options

A survey of low-income families in nine Kentucky counties showed that many turned to payday lenders because they couldn’t access traditional loans or other banking services. However, many of the participants said they were distrustful of all financial institutions because of all the fees associated with banking.

Related content

Suggested for you



Editor's Choice Videos