claim: "in rhode island today, 25 percent of our households either don't have a bank account at all, or they have a bank account and they're still relying on high-cost financial services like payday loans, pawn shop check cashing and so on."
author: seth magaziner
evidence_1: the plans in this blueprint are ambitious, and will require strong leadership and  cooperation ... rhode island is my home, and i believe we have what it takes to  rebuild our economy and ..... percent of our households either don't have a bank  account at all, ... financial services like payday loans, pawn shop check cashing  and.
evidence_2: payday loans can be a very costly way to borrow money when you factor in the ...  by check cashers, finance companies and others all come at a very high price. ...  the amount borrowed — less the fee — into the borrower's checking account ...  find out if you have — or if your bank will offer you — overdraft protection on your  ...
evidence_3: apr 3, 2018 ... everything you think you know about pawn shops is wrong. ... shops in the u.s.  around 30 million americans rely on them to either ... and these families rely on  services, such as payday loans, auto title .... of the pawnguru users who do have  bank accounts (and many don't), they're twice as likely to have ...
evidence_4: millions of u.s. households rely on payday loans and pawnshops for short  term  credit each year. payday loan interest rates are as high as 25 percent per two   week .... opportunity for researchers to study the use of multiple alternative  financial .... had a bank account.11 additionally, it asked specific questions on the  use of ...
evidence_5: when you're strapped for cash, the right payday loan can get you the money you  need. but know the costs before you apply and how much you can afford. ... you  can apply for these loans online to receive your funds either by check, direct ...  proof that you can repay the loan — say with a steady income or a bank account  in ...