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How Payday Loans in Wisconsin Hit Borrowers

Melody Harvey on how payday loans create cycles of debt for borrowers.

Aired 04/29/2022

Here and Now

How Payday Loans in Wisconsin Hit Borrowers

Clip: Season 2000 Episode 2042 | 6m 7sVideo has Closed Captions

Melody Harvey on how payday loans create cycles of debt for borrowers.

Melody Harvey, a consumer science professor at UW-Madison, explains how payday loans create cycles of debt for borrowers who accrue high short-term interest rates, which are not capped in Wisconsin.

Aired 04/29/2022

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