Most people who are now seeking these low cost short-term loans need money to help out with health problems, fixing a car, or taking a trip to the doctor. Medical bills are the leading cause of high debt. Even a person with insurance will have to come up with a copay just to see the physician. It is just a tough economy all around and the rise in payday loan rates is a testimony of this.
Studies done by PEW Charitable Trust have confirmed that these payday lenders are making loans to those who...
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