Payday lenders charged 7,927 Utahns just the past year can potentially pay back high-interest financial loans.

Payday lenders charged 7,927 Utahns just the past year can potentially pay back high-interest financial loans.

Market says the majority of subscribers can easily payback high-interest financial products.

By Lee Davidson The Salt Lake Tribune

This could be an archived article that has been posted on sltrib.com in 2015, and data within the report might be dated. Truly offered simply for individual investigation uses and may end up being reprinted.

Herman Diaz of to the south Salt Lake borrowed his first pay day loan — around 500 percent annual interests — since he necessary $300 to correct his auto. Continue reading “Payday lenders charged 7,927 Utahns just the past year can potentially pay back high-interest financial loans.”