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Lately, Renee Bergeron-a single mommy out of Duluth, Minnesota-is between paychecks and got out a small payday loan to let defense her lease. Once their pay day emerged doing, Bergeron located-far to the woman dismay-you to she is actually unable to spend the lady basic expenses and then have create the lady loan repayment. Thus, Bergeron grabbed aside another pay day loan to help you money new 1st financing. Today, almost ten years later, Bergeron along with her students are now living in an excellent abandoned protection, and you will she stays saddled with more than $4,one hundred thousand during the payday loans loans.