He got payday loans with an annual interest rate of 500%. Dave Ramsey says: ‘Teach your kids, teach your grandkids, teach everyone’s kids to stay away’
An Allentown, Pennsylvania, man found himself drowning in payday loan debt after losing his job, and called “The Ramsey Show” in hopes of finding a way out. The result: a harsh wake-up call from personal finance experts David Ramsey and Jade Warshaw. The caller, Alex, explained that he owed about $3,500 in payday loans, all…