Seniors often pay significant price tag for depending on pay day loans

Seniors often pay significant price tag for depending on pay day loans

Don Miller possess seen equal facts frequently: Seniors on a hard and fast revenue have actually an urgent situation developed — whether it be a medical costs or vehicle difficulty — or any time revenue works fast and the concern with not having enough nutrients takes over, the two transform into their unique final measure, an instant payday loan.

(This is the third tale in a string towards payday loan field in nevada.)

Don Miller provides read exactly the same facts several times: Seniors on a hard and fast returns has an urgent situation show up — whether it be a healthcare payment or cars problem — or if dollars goes close and so the concern about not having adequate meals gets control of, they look to their particular last option, a payday loan.

“For the most part, our seniors get about $700, possibly $900, of money on a monthly basis to cover lease and utilities,” explained Miller, the seniors system boss for HopeLink, 178 Westminster ways, gives support and information to low income people and households in Henderson and areas of nevada.

“So once a crisis occurs, they will certainly take-out $150 to get nutrients,” the guy said.