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Payday Pundit has profound thought

May 29, 2009 | Wisconsin, alternatives, industry | Comments (0)

As we’ve discussed here before, the Prospera Credit Union/Goodwill Industries payday loan “alternative” is  $9.90 per $100 loaned.  That’s 252% APR.   They are in Wisconsin.  So the 36% rate cap bill will shut down payday lenders as well as a nonprofit alternative.

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