Meanwhile, his debt is rising fast, growing higher every two weeks. Finally, the debts have ruined Taylor's credit, which he says will cause him to pay more for insurance and for his cell phone. He says he feels guilty that he wasnt able to pay back the loans. These people did give me money. It aint their fault I couldnt manage it, he said.
But he says the same thing that happened to him could happen to anyone. The payments are so high [for these types of loans], theres no way anyone could honestly pay them. And anybody that dont make a whole lot of money, its gonna do them the same way. So they really shouldnt even be offered.
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