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Loans -- United States

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View Resource Payday Lending on the Rise

More and more poor and middle-class workers in need of fast cash are turning to high interest payday lending establishments in order to meet their financial demands. This growing trend is alarming to economists, legislators, and consumer advocates who see payday lending as a kind of "legal loan sharking." Most users want to borrow between $100 and $300, and will write a post-dated check for that...

https://scout.wisc.edu/report/be/2000/0601