Category: long term payday loans

1,000% loans? An incredible number of borrowers face crushing costs

1,000% loans? An incredible number of borrowers face crushing costs By Alain Sherter Final xmas Eve, Virginia resident Patricia Mitchell borrowed $800 to aid make it through the holiday season. Within 90 days, she owed her lender, Allied advance loan, $1,800. A small lender in Laguna, New Mexico, reports that some customers come to him…

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