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The situation behind the continuing company of installment loans

The situation behind the continuing company of installment loans

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The three-bedroom red-brick Tudor home backing onto a wooded lakefront in residential district Atlanta is certainly not always where one expects to locate a tale of ‘installment loans gone bad. ’

This is when 31-year-old Katrina Sutton lives along with her grandfather. Sutton states her grandfather is “just shy of struggling. ” He’s on disability, staying in touch the mortgage repayments.

Sutton is simply ordinary struggling. She lives into the cellar apartment, and attempts to keep taking classes towards her associate’s level in business management. She’s got a GED, and $15,000 in pupil financial obligation toward a previous associate’s level through the University of Phoenix that she never completed. She additionally tries to maintain on her behalf bills — cable, Web, cellular phone, motor insurance — while helping her grandfather spend the resources whenever she will.

Things began getting bad into the recession: 2008. She had been let go from her work auto that is delivering.

“Then we began doing work for Walmart, ” claims Sutton.