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Category Archivepayday loans consolidation

Now available for sale at Walmart: Dangerous Financial Solutions

Now available for sale at Walmart: Dangerous Financial Solutions

The customer advocates during the Center for Responsible Lending don’t mince terms: “overdraft ‘protection’ is a racket; perhaps not a site.” CRL describes:

Transaction shuffling and numerous, excessive costs for little shortfalls within their checking records cost Americans billions each year in unjust charges. Over fifty percent of Us citizens are actually residing paycheck-to-paycheck, making a lot of U.S. families in danger of bank overdraft practices which can be exceedingly misnamed “overdraft protection.”

In place, overdraft “protection” items could become like payday advances, with a high costs substituting for high interest, and customers prone to getting caught in a period of financial obligation they can not emerge from.

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