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This is a warning from August, but it shows what an agency dedicated to alerting consumers about the pitfalls of certain businesses thinks about payday loans.

Read their take here

“Bottom line, virtually unrestricted payday lending does excessive harm. Whether or not payday loans are restricted, delegitimized or legally vindicated, it's a bad idea to get a payday loan. They almost guarantee financial hardship and have little-to-no benefit for the borrower--even short term.”

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