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  • January 1, 2021
  • by Admin

The Myth vs. the reality About Managing Payday Lenders

The Myth vs. the reality About Managing Payday Lenders Whenever state rules drive alleged "debt traps" to turn off, the industry moves its online business. Do their low-income customers follow? This year, Montana voters overwhelmingly authorized a 36 per cent price limit on payday advances. The industry -- individuals who operate the storefronts where borrowers are charged high rates of interest on little loans -- predicted a doomsday of shuttered stores and lost jobs. Just a little over a 12 months later on, the 100 or more payday shops in towns scattered over the state had been certainly gone, because...
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  • December 25, 2020
  • by Admin

Speedeloans says misconceptions over payday loan providers are “lies, damn lies, and data”

Speedeloans says misconceptions over payday loan providers are “lies, damn lies, and data” Headlines trumpeting interest that is astronomical and tales of payday loan providers preying on susceptible borrowers are “lies, damn lies, and statistics”, claims Gary Miller-Cheevers, CEO from speedeloans. In a declaration released today, Mr. Miller-Cheevers describes: “There are plenty of misconceptions about payday loan providers and plenty of strange data which are interpreted adversely to portray all payday loan providers because the guys that are bad. While we accept that sadly there are lots of unscrupulous loan providers available to you, utilized responsibly, this as a type...
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