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Post n°57 pubblicato il 12 Novembre 2014 da wandgold
Typically the borrower rights out a check for the amount of the loan plus a fee (not post dated as that is illegal). This fee ranges from 10% to 40% of the loan and the borrower normally has two weeks to pay it off in full. Most can't pay it off in time and end up owing, now and again, more in fees compared to the amount of the original loan.
Most states have usury laws which limit a yearly rate to 30% or under on most loans. Currently Pay Day stores slip by by stating that loans are paid back in 2 weeks so no violation has occurred and that they are providing a much needed service to somebody that has no where else to go.
Who may have not experienced surprise monetary emergency like college charges, an unusual medical expense or vehicle fix just when wecan least afford it? If this occurs the monetary stress to be without funds could be so crushing we only do not know which approach to turn orwho to request help.
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Inviato da: lunagialla82
il 07/05/2014 alle 17:47
Inviato da: lunagialla82
il 07/05/2014 alle 17:46
Inviato da: lunagialla82
il 07/05/2014 alle 17:40