Teacher: $200 payday loan pushed me to brink of bankruptcy

Oct 11, 20170

With bills piling up, her credit shot, and a choice looming each morning of whether to spend her last dollars on food or on gas to get to work, high school science teacher Dawn Schmitt went online in search of financial hope.

A search engine led her to the website of a company called MyNextPaycheck. And within minutes, $200 was deposited into her bank account – a short-term loan to cushion her until her next payday.