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CFPB Finds Four Away Of Five Pay Day Loans Are Rolled Over Or Renewed. Key Findings: Many Pay Day Loans Become Revolving Doorways of Financial Obligation

small payday loans online Sep 10, 2021 No Comments

CFPB Finds Four Away Of Five Pay Day Loans Are Rolled Over Or Renewed. Key Findings: Many Pay Day Loans Become Revolving Doorways of Financial Obligation

Studies have shown almost all of Payday Loans are created to Borrowers Caught in a Revolving Door of financial obligation

WASHINGTON, D.C. — Today, the customer Financial Protection Bureau (CFPB) issued a my pay day loan study on payday lending discovering that four away from five loans that are payday rolled over or renewed within 2 weeks. Read more »