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These statistics are similar in most other states. Which means the borrower will pay $400 - $500 in loan fees on a $400 loan. This can be absurd usury and really should be illegal since it is not helping anyone except the lender. It is predatory lending at better if just gets borrowers in deeper debt than before. "Some will say, that little man requires somewhere to go" said state Rep. Eldridge Emory, "Butif he gets money this way, he is just digging an opening deeper and deeper, and he is not going to get out."Several states like Vermont have currently banned this form of predatory lending.

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To qualify, all that you need is steady work, along with a convincing bank account.These short duration loans are specially made for fiscal emergencies, and involve an easy, painless lending process. There is not any need tofilling out many forms.

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