{"version":"1.0","provider_name":"SoLo Funds","provider_url":"https:\/\/solofunds.com","author_name":"SoLo Funds","author_url":"https:\/\/solofunds.com\/blog\/author\/solofunds\/","title":"New \u201cCash Poor Report\u201d Shows Americans Borrowing Money Pay Billions in Junk Fees Beyond APR Rates","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"GxdTYsRWa1\"><a href=\"https:\/\/solofunds.com\/blog\/new-cash-poor-report-shows-americans-borrowing-money-pay-billions-in-junk-fees-beyond-apr-rates\/\">New \u201cCash Poor Report\u201d Shows Americans Borrowing Money Pay Billions in Junk Fees Beyond APR Rates<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/solofunds.com\/blog\/new-cash-poor-report-shows-americans-borrowing-money-pay-billions-in-junk-fees-beyond-apr-rates\/embed\/#?secret=GxdTYsRWa1\" width=\"600\" height=\"338\" title=\"&#8220;New \u201cCash Poor Report\u201d Shows Americans Borrowing Money Pay Billions in Junk Fees Beyond APR Rates&#8221; &#8212; SoLo Funds\" data-secret=\"GxdTYsRWa1\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/\/# sourceURL=https:\/\/solofunds.com\/wp-includes\/js\/wp-embed.min.js\n\/* ]]> *\/\n<\/script>\n","description":"It\u2019s no secret that many Americans live paycheck to paycheck. With inflation on the rise, families are doing what they must to make ends meet. But what happens when an emergency occurs? Many families turn to traditional, soulless financial institutions. With that comes hidden fees and an annual percentage rate (APR) that doesn\u2019t truly reveal the costs to those in need. President Biden has taken a stand against these so-called \u201cjunk fees,\u201d but that is only one piece of the puzzle. The cost of borrowing continues to get more expensive for average Americans. That\u2019s why we propose a new term for lending, Total Cost Rate. This removes the fluff and deceptive text to provide a real look at what people must pay when dealing with unplanned expenses. Consumers deserve to understand how much borrowing truly costs and what options they have.","thumbnail_url":"https:\/\/solofunds.com\/wp-content\/uploads\/2023\/06\/social-share.jpg","thumbnail_width":1200,"thumbnail_height":675}