Payday Loan Centers: Borrower Beware

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You can see from this example why this practice is very controversial

. Critics argue that the lenders are simply exploiting people who are in a financial crisis. The borrowers get trapped in a cycle of debt and the lenders depend on this for their business. They don't rely on the one time borrower. Fourteen states have made payday lending illegal. Access to credit card must be fair and responsible.

Payday Loan Centers: Borrower Beware

By: Greg McTaggart

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