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Category: Illinois installment loan

Payday loans cost Hoosiers millions. The report estimated that when payday loan providers needed to abide by the 36 % interest-rate limit for regular loans, borrowers might have conserved significantly more than $291 million in the last 5 years.

Payday loans cost Hoosiers millions. The report estimated that when payday loan providers needed to abide by the 36 % interest-rate limit for regular loans, borrowers might have conserved significantly more than $291 million in the last 5 years. INDIANAPOLIS— Payday loan providers have actually drained an estimated $322 million in finance fees from Hoosiers throughout the last 5 years, in accordance with a unique report from groups advocating for hawaii to rein in those companies. The report, released Tuesday…