Chicago Tribune

Column: Fees, fines, loans, scams: How the poor get poorer

CHICAGO - Debt is a greedy beast.

Once it gets its fangs in you, it can devour you. It's true for the rich. It's far worse for the poor.

When we talk about poverty and its causes, we often ignore the role of debt, which is the subject of a report issued recently by Community Organizing and Family Issues, or COFI, a Chicago organization that trains and organizes low-income women of color.

Currency exchange fees, parking fines, overdue hospital bills, student loans,

You're reading a preview, sign up to read more.

More from Chicago Tribune

Chicago Tribune3 min read
On 'Thin Ice,' Bears Kicker Eddy Pineiro Tries Not To Fall Through In Preseason Game Against Colts
INDIANAPOLIS - On the day Eddy Pineiro was given the Bears' kicking stage to himself, he openly acknowledged his awareness that the Vaudeville hook could pull him away at any time. Sure, Elliott Fry was no longer around to compete for the job. But th
Chicago Tribune2 min read
MLB Reinforces Players Weekend Cap Policy After Cubs Go Rogue
CHICAGO - The all-black and all-white Players Weekend uniforms have been panned by players, managers, media and fans, including Cubs manger Joe Maddon, who politely called them "awkward" looking. The Cubs even went rogue on Friday, letting their play
Chicago Tribune13 min readTech
We Tested Popular Cellphones For Radiofrequency Radiation. Now The FCC Is Investigating.
The Apple iPhone 7 was set to operate at full power and secured below a tub of clear liquid, specially formulated to simulate human tissue. With the push of a button, a robotic arm swung into action, sending a pencil-thin probe dipping into the tub.