BBB: Rise in payday loan scams

By: CBS 58 Newsroom

Posted: Sep 12, 2022 8:31 AM CST

MILWAUKEE (CBS 58) -- During the current inflation, the COVID-19 pandemic and the unemployment rate rising, many people are turning to payday loans for short-term financial solutions. But this can lead to a rise in scams.

CBS 58 was joined by Lisa Schiller, who is the director of investigations and media relations for the Better Business Bureau of Wisconsin, to tell us more.