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A quagmire of debt and a billion dollar company: The story from Propublica

May 10, 2013
World Finance, a billion-dollar company, peddles installment loans, a product that often drives borrowers into a similar quagmire of debt.
Posted In: installment loans, payday loans
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Beyond Payday Loans

We've heard plenty about payday loans -- high interest loans that are often due in full on payday, but there's another type of loan marketed to consumers: installment loans.  Imagine high annual interest rates -- 50, 80, 100 percent or more that  can be flipped again and again. This is where the financial trouble begins. 

Posted In: payday loans, installment loans

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