September 10, 2008
Some States Set Caps to Control Payday Loans
By admin in Payday Loans | 0 comments
The quick and easy answer was a $400 loan from a payday lender. When payment was due two weeks later, she needed another loan to keep afloat. Nine months and 18 loans later, she was hundreds of dollars in debt and paying the lender about $120 in monthly fees from her $1,300 in wages.
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