Payday Pundit

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Lying about payday loans

June 19th, 2008 · No Comments

From an article in the Clinton, Mississippi paper:

“Excessive fees may be hidden and not reflected in the interest rates. Beware of prepayment penalties,” she said.

Payday loans are the most transparent loans there are.  There are NO hidden fees.  The total costs to the loans are displayed on posters, in the paperwork and conveyed by employees. 

 

 

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Tags: Mississippi · industry critics

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