With bills mounting up, her credit shot, and a selection looming every morning of whether or not to invest her final bucks on meals or on gasoline to make it to work, twelfth grade technology instructor

went online looking for economic hope.

The search engines led her into the web site of a company called MyNextPaycheck. And within seconds, $200 ended up being deposited into her banking account — a short-term loan to cushion her until her next payday.

It seemed too advisable that you be real, she told a federal jury month that is last.

It absolutely was. Within months, she was bankrupt.

Schmitt’s battle to spend right back that initial $200 loan by having a yearly rate of interest of a lot more than 350 per cent, is among the witness accounts federal prosecutors in Philadelphia have presented within their racketeering conspiracy situation against Main Line business owner

, a lending that is payday whom counted MyNextPaycheck as you in excess of 25 loan providers he owned.

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