She was desperate to pay a handful of crucial bills, so she went online and researched digital loans.
She read about Internet payday loan companies and how they work – but she found one that seemed better than the others.
“In order to find out if I qualified I had to give them my bank account and social security number like you would for any loan,” she told The Skanner News. “There was my first stupid thing.”
This Oregon resident -- who has requested anonymity because she hasn’t yet told her family that a $400 loan turned into a $1,000 nightmare -- has helped touch off a national effort by Sens. Jeff Merkley (D-OR) and Sen. Daniel Akaka (D-HI) to regulate the billion-dollar offshore payday lending industry.