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(Payday Loans) can trap consumers with interest rates, hidden fees.

 
 
Reply Sun 10 Apr, 2022 03:47 pm
(Payday Loans) can trap consumers with interest rates, hidden fees.

(Payday lenders) offer a quick cash fix to those in a financial bind but high interest rates and other issues
can trap people in a cycle of debt.

NBC News’ Vicky Nyguen explains what consumers should know before taking out a loan.


Published Jan 11, 2022


 
jespah
 
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Reply Sun 10 Apr, 2022 05:34 pm
@Real Music,
These loans are essentially a type of entrapping "tax" on the poor and unsuspecting. I think they should be illegal. The only people who do well with them are the lenders, who are barely this side of loan sharks.
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