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Bill in Congress to cap rates of interest on pay day loans strikes house for Texans

Published: Nov 29, 2019 / 10:49 AM CST / Updated: Dec 2, 2019 / 12:30 PM CST

AUSTIN (Nexstar) — Just over last year, Basil Perkowski and their wife took down an online payday loan to pay for their emergency dental work.

“I’d create an infection that is severe a dental problem, ” he said. “I happened to be likely to need to go right to the er for sepsis. It had been that close. ”

Perkowski didn’t have dental insurance coverage and states he and their spouse were not able to pay for the entire quantity for their dental work.