Up Next
Back to Show
PBS News Hour
Fighting the debt trap of triple-digit interest rate loans
Payday loans are supposed to be a short-term quick fix for those who can't get traditional credit. But the loans are rarely actually short-term, and borrowers frequently need to take out a second loan to pay off the first. Special correspondent Andrew Schmertz reports from South Dakota, where some state lawmakers are trying to cap triple-digit interest rates that many struggle to pay.
Support Provided By
Season
57:46
October 7, 2024 - PBS News Hour full episode
26:45
October 6, 2024 - PBS News Weekend full episode
26:46
October 5, 2024 - PBS News Weekend full episode
57:46
October 4, 2024 - PBS News Hour full episode
57:46
October 3, 2024 - PBS News Hour full episode
57:46
October 2, 2024 - PBS News Hour full episode
57:46
October 1, 2024 - PBS News Hour full episode
56:44
September 30, 2024 - PBS News Hour full episode
26:45
September 29, 2024 - PBS News Weekend full episode
26:45
September 28, 2024 - PBS News Weekend full episode
57:46
September 27, 2024 - PBS News Hour full episode
57:46
September 26, 2024 - PBS News Hour full episode