The REVOLVING doorPayday loan providers keep borrowers going back

RICHMOND, Va. Elizabeth Lawson's problems started by having an $800 electric bill, caused by a water heater that is malfunctioning. However it had been her move that is next that her funds spinning out of control. Lawson, whom lives when you look at the little city of Shawsville in southwest Virginia, decided to go to a lending that is payday in nearby Christiansburg. She borrowed $200, agreeing to pay for a $36 charge once she…