Predatory lenders from Malta, the West Indies and places that are distant borrowers into loans with annualized interest levels topping 1,500 per cent.
This short article had been monitored by MinnPost journalist Sharon Schmickle and manufactured in partnership with pupils in the University of Minnesota class of Journalism and Mass correspondence. It’s one out of a number of periodic articles funded by way of a grant through the Northwest region Foundation.
“They have now been harassing me personally at the office and I have actually suggested for them on a few occasions that we can’t receive non-emergency calls at the job plus they are quite aggressive . . . threatening to send a constable to my task to provide me papers,” a St. Paul resident reported.
“i’ve been that is payin . . $90 every week or two and none from it went to the main of $300,” a Glencoe resident penned.
