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Payday Loans Trap Borrowers

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Uploaded by on May 6, 2008

An interview with a former payday lender.

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News & Politics

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Standard YouTube License

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  • neverpayagain.co.uk

  • VERY unscrupulous people indeed. Anyway, charging higher interest rates for poor credit history is a fallacy, with 'risk' to them being an excuse. If it's NOT, why if people who DON'T miss a payment on the HIGHEST rate loan be eligible for a refund of the difference in interest afterwards if they don't miss a payment and pay on time ?? ; their past shouldn't be a risk ; maybe they just couldn't repay previously if they wanted to

  • Sucks, doesn't it. I hope to never borrow money again.

  • Research shows payday advance customers to be middle-income, educated, working families. More than half earning between $25,000 and $50,000 annually. 58% having attended college, and 1 in 5 having a bachelor's degree.

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