Scrutiny Over Payday Loans - NBC Chicago

    Scrutiny Over Payday Loans

    Americans will spend more than 7.4 billion dollars on payday loans this year. Payday loans are usually short-term and unsecured. Much, if not most, of the costs actually double the loan amount, and in some states are illegal. (Published Monday, Mar 25, 2013) Americans will spend more than 7.4 billion dollars on payday loans this year. Payday loans are usually short-term and unsecured. See More