Missourians Use Payday Loans Twice As Much As National Average

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(KTVI) - Payday loans are back in the news because of a new study by the Pew Charitable Trust. Missouri is one of 28 states with the least payday loan regulations. The number of Missourians who use payday loans is twice the national average.

Thomas Nitzsche from Clearpoint Credit Counseling Solutions talks about payday loans and some options for people who might need extra money.