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Cash Advance Industry Admits ‘Very Few’ Borrowers Repay Their Loans

Cash Advance Industry Admits ‘Very Few’ Borrowers Repay Their Loans Payday loan providers generate income giving individuals loans they can’t pay off. That reality is obvious for years. A 2009 research through the Center for Responsible Lending unearthed that individuals taking out fully brand brand new loans to settle old ones constitute 76 percent associated …