Document reveals Ca seniors making use of payday loans

Document reveals Ca seniors making use of payday loans

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A growing number of cash-strapped Ca seniors become embracing high-interest pay day loans, per a study from the California office of company Oversight.

A fresh report from The Ca division of companies supervision discloses that seniors are the largest set of payday loan consumers in California.

Occasionally described as a a?cash advancea? or a a?deferred deposit transaction,a? a quick payday loan are a temporary mortgage where anyone borrows a small amount of money at a very high interest rate. The debtor usually writes a post-dated register the quantity they would like to obtain, plus a fee in return for the cash. “Document reveals Ca seniors making use of payday loans” の続きを読む