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State Laws Place Installment Loan Borrowers at an increased risk

State Laws Place Installment Loan Borrowers at an increased risk

just How outdated policies discourage safer financing

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Overview

Whenever Americans borrow funds, most utilize bank cards, loans from banking institutions or credit unions, or financing from retailers or manufacturers. Individuals with low credit ratings often borrow from payday or automobile name loan providers, which were the topic of significant research and regulatory scrutiny in the past few years.