Payday Loans - Are They Corrupt or Legit?
Are payday loans corrupt or legit? This is the question consumers are asking themselves these days.These loans are a valid form of credit and certainly a better option than going to a loan shark. But why then are some people calling these loans corrupt?
According to Consumer Focus, the number of people taking payday loans has more than quadrupled since 1996, and they remain to be a popular form of credit. It seems that the problem is that there needs to be a limit on the number of loans people take out and how many times they are allowed to roll the loan over. And therein lies the problem.
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