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New York installment loans

The Pay Day Loan Dilemma. In certain areas, loan providers show their fees just…

The Pay Day Loan Dilemma. In certain areas, loan providers show their fees just…

In a few areas, loan providers show their costs just by means of a cost per $100 lent over a period that is two-week.

Payday lenders argue that their loans are merely outstanding for 14 days rather than for the complete 12 months, so annualized costs are misleading. But Mr.