Banning payday advance loan transmits hopeless borrowers managing to pawn shops

Banning payday advance loan transmits hopeless borrowers managing to pawn shops Until 2008, a cash-strapped purchaser in Ohio seeking a, two-week debt from a payday loan provider will dsicover on their own spending a hefty costs. These unsecured brief loans—often protected with a post-dated consult and rarely surpassing $500 at a go—carried annual portion charges …

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