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A Cycle of Debt: Kentucky Families Share Their Experiences with Payday Lending and Other High-Cost Financial Services, June 2009

By | 2017-10-19T14:07:05+00:00 June 1st, 2009|

All families need reasonably-priced financial services to pay bills and provide for their families. Yet, low-income families in Kentucky often pay higher prices than higher-income families for basic financial services, such as cashing a check or taking out a small loan. This report presents information that was shared by low-income working families across the state about their financial situations and use of financial products, specifically payday loans.

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