Missouri payday lenders shift to loans that are installment

Missouri payday lenders shift to loans that are installment Payday lending volume in Missouri has declined notably in the last few years, based on a state survey released this month. The survey would appear to be good news to consumer groups that are fighting to limit the availability of high-interest, short-term loans on first appearance. The loans are argued by them lure cash-strapped borrowers into rounds of debt. However the study figures paint an incomplete image. While cash advance amount therefore the wide...

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