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On the web Lenders’ High-Priced Loans Cripple Families, Prohibited in a few States

On the web Lenders’ High-Priced Loans Cripple Families, Prohibited in a few States

Some online loan providers peddle high-priced, short-term loans that cripple families and may also be illegal. By Gary Rivlin.

The desperate borrowed money from a loan shark, who would tack on finance charges typically working out to an annual interest rate of maybe 200 percent in the old days. Continue reading

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