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Archive for the ‘dollar financial group loans payday loans’ category

Upcoming regulation will not fix the underlying issue of payday loans: deficiencies in use of credit.

Industry for fast, tiny loans is definitely insufficient. Because banks would prefer to provide $50,000 than $500, and have a tendency to require strong credit records to borrow at all, your options for families which are down and away, or a bit behind on the bills, are restricted. That’s where payday loan providers come in. As they may seem like a fast fix, the high interest levels along with the reduced incomes frequent among their customers can make a period of indebtedness far even worse compared to the economic problems that force families to search out such loans to begin with. Read more »