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On Line Payday Loan Borrowers Charge Sky-High Prices

On Line Payday Loan Borrowers Charge Sky-High Prices

By Jeff Stoecker • Published September 10, 2014 • Updated on September 10, 2014 at 8:49 pm

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Whenever Dwight Graham discovered himself in a financial pinch straight back in 2012, he hoped a fast loan for some hundred dollars would fill the space. The 60-year-old Navy veteran from Groton sent applications for a payday-type loan online from a business called Cash Call.

“They stated these were little rates of interest, and I also stated which is fine,” said Graham. “Until i obtained onto a pc, my buddy seemed it, and explained you are spending more than 100 % interest.”