In Money Matters this morning, October 12 marks national savings day here in the US. Many Mid-South residents face financial hardships and even live paycheck to paycheck.

A new report out this month, found that payday lending is a major business especially right here in Memphis.

In fact, the Bluff City takes the number one spot in a list of cities with the worst payday lending problems.

To learn more, we were live with Jake Hill from the debt relief company DebtHammer.