Payday Loans Storyboard

Payday Loans Storyboard
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Storyboard Description

Walks customers through the experience of applying for and trying to payback a payday loan

Storyboard Text

  • This is Paul.  Paul works at a grocery store, and due to his inconsistent working hours, has a very volatile income.
  • Paul one day broke his ankle at home, and was forced to receive very expensive medical care.
  • In order to pay the medical bills, Paul was forced to apply for a payday loan
  • In an attempt to help pay off the payday loan that he applied for, Paul was forced to get a second job working at a fast-food restaurant.
  • Even after getting a second job, Paul was forced to roll over his loan to another term, resulting in more hidden fees and more interest he was forced to pay.
  • In the end, Paul was never able to escape this debt trap due to the high interest rates of the loans, and he had to file for bankruptcy.
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