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Installment investment be seemingly a good kinder, flaccid form of this new “predatory” cousin, the new pay day loan. However for customers, they are a great deal more hazardous.
Use of the payment financing, in which a customers borrows a lump sum payment and you may will spend right back the main and you can dependence on a great quantity of typical currency, has expanded significantly as the 2013 as authorities come initial to help you rein into the wages funding. (a lot more…)
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