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The payday-loan company was in decrease. Regulators had been circling, storefronts had been vanishing and investors had been abandoning the industryвЂ™s biggest companies en masse.
Yet today, just a couple of years later, most of the same subprime lenders that specialized within the debt are advertising an very nearly similarly onerous form of credit.
ItвЂ™s called the internet installment loan, a kind of debt with considerably longer maturities but usually the exact exact same kind of crippling, triple-digit rates of interest. Read More …