Supplemental Income for the Elderly

An elderly Louisville lady who lives on Supplemental Security Income has been involved in the payday lending cycle for 10 years.  She’s borrowed repeatedly over that time, having multiple loans out at any given time.  She estimates that she’s borrowed $1,800 over the years.  She hopes to get her current loan paid off and get out of the cycle.  But she would also like to see an interest rate cap in Kentucky.