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Cash Advance Lenders: Keeping Their Heads Up Despite Reports

It’s interesting to read all the stories addressing how fast cash advance lenders should be curtailed from the lending industry while banks and credit unions provide similar short-term loans without regulations. Why are credit card companies allowed to prey on middle class and low income households with their purchase incentives? Direct lenders do not send out pre-approval notices as creditors do yet they are accused of targeting certain customers. Because the short-term loan history has a greater customer market within low-income areas, many stores were set up in neighborhood strip … Continue reading

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