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Instructor: $200 cash advance pressed me to brink of bankruptcy

Instructor: $200 cash advance pressed me to brink of bankruptcy

Oct. 11 –With bills mounting up, her credit shot, and a selection looming each and every morning of whether or not to invest her last bucks on meals or on fuel to make the journey to work, senior school technology instructor

went online looking for monetary hope.

The search engines led her into the internet site of the business called MyNextPaycheck. And in a few minutes, $200 had been deposited into her banking account — a loan that is short-term cushion her until her next payday.

It seemed too advisable that you be real, she told a federal jury month that is last.

It absolutely was. Within months, she had been bankrupt.

Schmitt’s battle to spend back that initial $200 loan, with an interest that is annual greater than 350 per cent, is simply one of the witness accounts federal prosecutors in Philadelphia have actually presented within their racketeering conspiracy situation against Main Line business owner

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