These practices known as predatory lending are sometimes prohibited.
But these lenders always find a legal way to continue pillaging the borrowers’ budgets. You’re sure to have seen signs like Quick Cash, Quick Loans, Payday Loans and Car Title Loans around town. Rapidly sprouting up nation-wide, they are likely to soon rival Starbucks for the number of locations.
The latest trend in predatory lending practices, quick loans manage to escape regulation in most states. There is no interest, only a fee. Read the rest of this entry »
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