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4 Dirty Secrets of Alleged Installment Loans

4 Dirty Secrets of Alleged Installment Loans

There’s been a whole lot of chatter in regards to the threat of payday advances recently, but “safer” installment loans may be in the same way dangerous, a new report states.

There’s been a great deal of chatter in regards to the threat of pay day loans recently, prompted by a brand new report through the customer Financial Protection Bureau that called them “a long-lasting, high priced financial obligation burden.” But there’s another, fast-growing group of little, short-term loans pitched mostly to low-income People in america — and also the unbanked in particular — which can be just like dangerous. Continue reading 4 Dirty Secrets of Alleged Installment Loans