The $ 42 billion a year industry beats Starbucks & Burger King outlets in the country. According to study, the explosion occurred a little over ten years ago, when the number of payday loan offices nationwide increased from less than 500 in the 90′s to about 12,000 in 2002. The “payday lending bill” that raised [...]
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There’s something about payday loans that makes people feel a tiny dizzy. It is the deadly combination of seeming to offer simple and immediate solution to their issues, and brilliantly immense rate of interest that lurk in the fine print. Thus, it seems that these loans are for low-income individuals who have exhausted all of [...]
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