Pay day loans are harmful to your wellbeing, research states. Springfield residents share stories

Pay day loans are harmful to your wellbeing, research states. Springfield residents share stories

Patricia Reynolds shows a few of the checks that she’s got been delivered from pay day loan organizations adhering to a press seminar at Pitts Chapel United Methodist Church on March 20, 2019 wednesday. (Picture: Andrew Jansen/News-Leader)

Relating to a study that is recent payday and vehicle name loans will make you ill.

Just ask Patricia Reynolds and Barbara Burgess.

The 2 Springfield ladies say many years of panic and anxiety over high-interest loans have caused health conditions including blood that is high, sleeplessness, stomach problems and bloated bones.

The report titled “When Poverty Makes You Sick: The Intersection of Heath and Predatory Lending in Missouri,” was launched locally at a press seminar Wednesday in the Pitts Chapel United Methodist Church in Springfield.

Here, 73-year-old Reynolds shared her tale.

The retired nursing assistant stated an unusually high household bill drove her to have a quick payday loan right back this season. Read more