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Exactly Exactly How Borrowers Select and Repay Pay Day Loans

Payday Lending in the us FAST SUMMARY For somebody looking for fast money, a quick payday loan can seem like a method to avoid asking nearest and dearest for assistance or stepping into long-lasting debt. However these loans often prove unaffordable, making borrowers with debt for on more information average five months. This report—the second in Pew’s Payday Lending in America series—answers questions regarding why borrowers choose pay day loans, the way they eventually repay the loans,...

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