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Payday loan borrowers pay more in fees than original loan – CNNMoney

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Payday loan borrowers pay more in fees than original loan
CNNMoney
More than 60% of payday loans are made to borrowers who take out at least seven loans in a row -- the typical point at which the fees they pay exceed the original loan amount, according to a study of more than 12 million loans made over 12-month ...

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