The $42 billion-a-year industry provides short-term loans guaranteed by the next paycheck in return for hefty fees that, as annualized portion interest rates, can run well to the triple digits.

The $42 billion-a-year industry provides short-term loans guaranteed by the next paycheck in return for hefty fees that, as annualized portion interest rates, can run well to the triple digits. It is not actually reasonable to refer to payday lenders as loan sharks. Most likely, loan sharks do not have their lobbyists that are own. Nor do loan sharks promote with big indications on town roads, rural strip malls while the Web. Yet, into the three dozen or more states … Citeste mai mult…