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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 by providing individuals loans they can’t repay. That reality happens to be obvious for a long time. A 2009 research through the Center for Responsible Lending unearthed that individuals taking right out brand brand new loans to settle old ones …