Tuesday, May 23, 2006

Pay Day Loans are Popular

Borrowers keep returning for payday loans - U.S. Business - MSNBC.com

A story about pay day loans, which like refund anticipation loans, are quite popular. Many who borrow via pay day loans do so repeatedly at usurious interest rates in a never ending cycle where they dig themselves a financial hole in the ground.

Basic financial literacy is something that's very much needed in America.

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