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  • Casual Articles - Facts and Fallacies About Payday Loans

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    Throughout the 20th century, various methods for operating and developing the business have been contrived and refined, becoming the conventional methods that we use today. We improve management and effect business change by overla
    rking families”

    The payday loan industry claim to have its roots in middle class America is based

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    “Payday loans provide credit facilities to consumers in emergency situations”

    Whilst this may be true to some extent, a payday loan usually defers the inevitable from a current date to a future one. By their nature payday loans are aimed at people in financial trouble and statistics show that over 90% of payday loans are made to people in a cycle of repeat borrowing.

    “Payday lenders serve middle class working families”

    The payday loan industry claim to have its roots in middle class America is based o

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    rue to some extent, a payday loan usually defers the inevitable from a current date to a future one. By their nature payday loans are aimed at people in financial trouble and statistics show that over 90% of payday loans are made to people in a cycle of repeat borrowing.

    “Payday lenders serve middle class working families”

    The payday loan industry claim to have its roots in middle class America is based

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    heir nature payday loans are aimed at people in financial trouble and statistics show that over 90% of payday loans are made to people in a cycle of repeat borrowing.

    “Payday lenders serve middle class working families”

    The payday loan industry claim to have its roots in middle class America is based

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    yday loans are made to people in a cycle of repeat borrowing.

    “Payday lenders serve middle class working families”

    The payday loan industry claim to have its roots in middle class America is based

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    rking families”

    The payday loan industry claim to have its roots in middle class America is based on a study funded by the industry itself. The study concludes that 50% of lenders are middle income earners based on interviews with only 427 out of 5,400 lenders.

    In contrast to that, business plans submitted by lenders paint a different picture altogether. These plans suggest that up to 40 million households with incomes of $25,000 or less are in need of quick loans between $50 and $300 and that this market i

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