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The government provides countless resources to help military families with financial literacy and even offers low interest loans to help them in times of emergency. So, why are many troops opting to take out risky payday loans instead?
Five years ago, the U.S. military banned payday and title-loans to military families, but small-dollar, high-interest lenders are getting around the Military Lending Act.
World Finance has outperformed the market and financial stocks through the recession. But is World’s high-interest small-dollar loan business sound and sustainable?