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The move came as the Consumer Financial Protection Bureau released a white paper detailing the high costs of payday loans, which it said trap consumers in a cycle of debt, money loan company in New Jersey.
On the contrary, as discussed above and in Market Concerns—Longer-Term Loans, lenders have a powerful incentive to include these features: Their entire business model depends on it.
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In other words, for every $1.
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Plus, our Personal Loans have low interest rates and come with the predictability of fixed payments.