John Oliver, Sarah Silverman Join Forces to Hit ... Payday Loans

Consumers, do 'literally anything else' for money, they say
By Evann Gastaldo,  Newser Staff
Posted Aug 11, 2014 10:20 AM CDT

(Newser) – On last night's Last Week Tonight, host John Oliver and guest Sarah Silverman took on a very important issue: payday loans. The predatory industry is worth $9 billion and the loans "are terrible for you," Oliver warned, noting that interest rates can be as high as 1,900%—meaning the often-poor consumers must sometimes take out more loans to pay for the first loan. Silverman then issued a PSA advising that anyone who really needs money earn it by doing "literally anything else," Salon reports. The show airs Sunday nights on HBO. (Read more John Oliver stories.)

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