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Posts tagged "consumers"

Payday loans a poor choice for those with financial challenges

In this struggling economy, many Floridians will resort to payday loans as a way to help them take care of unpaid bills and other expenses. Whether online or in-store, a payday loan might seem at first glance to be a quick and easy way to get some debt relief, but many consumers don't realize the problems that a payday loan can cause. Astronomical interest rates and a vicious lending cycle are the most common complaints stemming from payday loans in a recent report by Pew Charitable Trusts.

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