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Thursday, March 8, 2012
Payday loan disaster: A holiday splurge leads to a 651% interest rate
It was holiday generosity that ultimately led Tyrone Newman to make a desperate deal. And who could blame him? He had been laid off and unemployed for a year, picking up the kids and doing laundry while his wife worked as a security guard. So, you can understand why a 47-year-old guy would want to celebrate a bit after a good, long year at a solid job. Read full article >>
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