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The payday and automobile name industry provides loans in other states at reduced prices sufficient reason for smaller charges.

The payday and automobile name industry provides loans in other states at reduced prices sufficient reason for smaller charges.

The payday and automobile name industry provides loans in other states at reduced prices sufficient reason for smaller charges. Rolling over or refinancing financing ensures that the debtor will pay a cost to postpone repaying the mortgage. The cost will not lower the principal owed. For instance, if a debtor rolls over a $300 loan in Texas (where charges in the loan are $22 for each $100 borrowed) 3 times, the debtor may have compensated four $66 charges and can…

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