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About 12 million Americans use a payday loan to bridge a gap in their cash flow. According to the Center for Responsible Lending, the typical two-week payday loan has an annual interest rate ranging from 391 to 521 percent. These debt traps intentionally lock borrowers into a cycle of debt. Borrowers often find themselves taking out new payday loans to cover old payday loans and ultimately end up owing thousands of dollars on what started out as a few hundred dollars of debt. was created to help tell the stories of the people targeted by the payday lending industry. If you or someone you love have been impacted by predatory debt traps, we'd love to hear your story. Your story can help others avoid predatory lending schemes geared to trap borrowers in a cycle of debt.

Click here to tell your story. Supporters

Center for Financial Education
Family Leader Foundation
Iowa Catholic Conference
Iowa CCI