Debt Trap: Feds go on to tighten up rules on payday advances

Debt Trap: Feds go on to tighten up rules on payday advances

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Check always ‘n Go is among the ongoing businesses with cash advance outlets in Michigan (Charles Crumm/Digital First Media)

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Debbie Adams invested a couple of years attempting to settle her sister’s payday loan debt.

Adams, from Detroit, became alert to it whenever her cousin, whom is suffering from schizophrenia, relocated in along with her and commercial collection agency telephone calls included her.

Her sibling had removed a quick payday loan for the boyfriend but did remember doing so n’t.

“She ended up being getting all those calls, threatening her with prison,” Adams stated. [Read more…]

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