Leonard Abbott of San Marcos had been aware of the risks of payday loans — the small-dollar, high-interest credit that will quickly trap borrowers in a morass of financial obligation. Nevertheless when unanticipated medical bills blew a opening in their month-to-month spending plan a year ago, he felt he had nowhere else to make. He took away a $500 loan, hoping to repay it in full in 2 days. Continue reading “Federal Rules Could Tame West” that is“Wild of Payday Lending”
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