NFL Players Taking Out Payday Loans
Money comes and it goes. For NFL players currently locked out by their greedy owners, it’s only going. Most players haven’t been paid since the last week of the regular season and the owners are banking on that in believing that the players will eventually cave in.
Per Yahoosports, players from at least 16 teams have already sought out aggressive short term loans with high interest rates. The interest rates on these loans range from 18 to 24 percent and can rise to 36 percent if defaulted on.
It’s beyond sad that players have to resort to such measures in order to stay afloat financially. What makes it worse is that players were forewarned of the lockout prior to the season and still failed to save. Don’t be surprised to see a player from your favorite team at an Ace Cash Express near you.