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‘Fast earnings’ payday advance loan price borrowers $520 per year in charges

NY (CNNMoney) — People in america lured from the promise of rapid money become having to pay about $520 a year in charge for short term credit lines known as pay day loans. An estimated 12 million People in america sign up for payday loans yearly, based on the Pew Charitable Trusts’ secured Small-Dollar debts …

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