Bill in Congress to cap rates of interest on pay day loans strikes house for Texans

AUSTIN (Nexstar) — Just over last year, Basil Perkowski along with his spouse took away an online payday loan to pay for their crisis dental work.

“I’d create a payday loans MD serious disease from a dental problem,” he said. “I happened to be planning to need certainly to go directly to the er for sepsis. It had been that close.”

Perkowski did not have insurance that is dental claims he along with his spouse were not able to cover the total amount for their dental work. The money loan they obtained seemed workable during the time – six re re payments of $691.

“After about four re payments, I’d called the mortgage spot and wished to understand what my payoff is,” Perkowski said. Plus »

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