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Just exactly exactly How spend day loan providers display crippling prices

Just exactly exactly How spend day loan providers display crippling prices

For Us citizens struggling in this economy, an advance on a paycheck could be a lifeline. These improvements – also referred to as pay day loans – have bee a fast-growing online businesses, with almost $11 billion lent away final year.

The income usually es with crippling interest levels, as CBS Information chief investigative correspondent Armen Keteyian discovered with this report in partnership with the Center for Public Integrity.