JACKSONVILLE, Fla. вЂ“ The ads for payday and name loans companies state they've been right here to help individuals in a economic bind, but customer experts say that help could find yourself costing a great deal more than you planned.
Seven years back those kinds of organizations where fundamentally driven away from Jacksonville and North Florida, but News4Jax discovered five lenders that are payday in Duval County, and eight more in nearby counties.
Eddie Dorman said he's been caught in a cycle that is vicious these loans for many years.
"we would not try it again, if I ever move out from under that one." Dorman stated.
Dorman makes use of one loan to simply help pay another. He is currently fighting with a title financial institution in Gainesville this is certainly trying to just just take his vehicle because he is missed re re payments on a name loan.