Mar 26, 2015 7:37 PM by Brian Johnson
Here in the North State, more than a few of our viewers responded to our Facebook post about the proposed changes to the payday loan system, either warning against them or admitting to falling victim to them-like Cody Bramble, of Oroville.
"It turned out to be a lot worse than we thought it would be," Bramble said.
Bramble isn't even 24, but he's already had at least four payday loans in the past three months.
As always, it started with just one.
"It's just one after the other until you finally just pay it off and it just takes time," he said.
Bramble said there wasn't enough time to repay the first loan he took out after he said his family came up short after the holidays.
He said they needed cash for basic necessities, like food and gas.
They got the money fast, which was great he said, but a week later, Cash Advance USA collected.
"They suck it right out as fast as they put it in though," Bramble said.
Meanwhile, pawns are the main business of Chico Cash Exchange now, and gone are the days of payday loans.
"There's just a lot of shame I think involved with payday loans," said store manager Danielle Batha.
Batha said as the unemployment rate rose following the recession, so did the demand for payday loans.
But many of her customers struggled, some even calling her store and confusing it with another one of their lenders.
It was the revolving door of payday loans, she told Action News Now.
"You can't pay one off without getting another one to replace it," said Batha. "It's just so hard to just pay one off and be free and clear."
Bramble, who has two young children and one more on the way, said his family is in the clear now.
He's also clear that he will not try a payday loan again. He plans to ask friends for some help first.
"Even if a few friends can help you out with 50 bucks, that's almost the loan right there and you don't have friends that are going to suck you dry..." Batha said.
2 days ago