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Eighteen states, including Arkansas, Georgia and new york, prohibit very high lending that is payday.

Eighteen states, including Arkansas, Georgia and new york, prohibit very high lending that is payday.

Loan providers may charge as much as almost 300 % interest that is annual customer installment loans, that are mostly available in payday financing and look cashing stores. After the law passed in 2016, 200 stores applied and received a permit to provide installment loans.Read More