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‘cash advance businesses argue they should really be controlled
Whenever Pam Sanson required an instant $300 to pay for the bills, she never expected her decision would cost her significantly more than $900 in desire for simply half a year.
Such “payday loans” with excessive interest rates — 600 % in Sanson’s situation — are illegal in Georgia, where state officials touted a crackdown on loan providers whom preyed from the bad. But 1000s of such loan shops continue steadily to run round the state, therefore the nation, specially in bad, minority communities.
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