From the town of Logan, Utah, when you look at the a remove shopping mall near to an enthusiastic audiology clinic and television store, there clearly was a tiny store. He is a pay check financial, each day individuals come into and borrow cash of him.
"All of our mortgage try $step one.fifty for every hundred or so per day, therefore once 5 days, $seven.50," Berry claims. "It could be $ is what it are obligated to pay straight back."
That's a yearly interest out of...