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Prohibited online loan providers plague cash advance industry

Prohibited online loan providers plague cash advance industry

Payday loan providers were around for a long time, providing quick-but-pricey loans to borrowers that are distressed.

From hundreds of walk-in storefront offices, they loan down little amounts to be reimbursed through the borrower’s next paycheck.

Today, they’re getting elbowed aside with a cadre that is growing of rivals who aren’t certified and whom increasingly are accused of ripping off consumers.

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