Payday Lending: Whittling Away at Working Families’ Income, February 2008

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All families need a steady, stable income to meet basic needs and support their children’s healthy development, yet many Kentucky families struggle to make it until their next payday. Some families rely on short-term payday loans to make ends meet, but working Kentuckians lose millions of dollars annually in fees paid for these loans.  This report details the higher costs low-income families pay for goods and services.