Payday and name loan providers provide ways to get money fast — put up the name on your own vehicle as security and you may get a hundred or so bucks. The catch? The apr, or APR, can be hugely high, meaning you get having to pay more than that which you borrowed.

Utah is home for some associated with greatest prices in the nation, and a brand new report from ProPublica details just how some individuals whom are not able to keep pace with re re re payments have actually also wound up in prison. KUER’s Caroline Ballard talked with Anjali Tsui, the reporter whom broke the storyline.

This meeting was modified for size and quality.

Caroline Ballard: just just How this are individuals winding up in jail whenever debtor’s prison was prohibited for more than a hundred years? Read the rest of this entry »