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Demand for high-interest pay day loans soars in Minnesota. Loan information for Minnesota supplied by Minnesota Department of Commerce

Demand for high-interest pay day loans soars in Minnesota. Loan information for Minnesota supplied by Minnesota Department of Commerce

Minnesotans are looking at high-interest loans and other services outside of the conventional bank operating system, controversial enterprises that run via a loophole to dodge state limitations.

This informative article had been reported and written by Jeff Hargarten, Kevin Burbach, Calvin Swanson, Cali Owings and Shayna Chapel. The content had been monitored by MinnPost journalist Sharon Schmickle, manufactured in partnership with pupils during the University of Minnesota School of Journalism and Mass correspondence, and it is the very first in a group of periodic articles funded by a grant through the Northwest region online payday loans Virginia Foundation. Continue reading »