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These statistics offer a similar experience generally in most other states. Which means the borrower pays $400 - $500 in loan fees on a $400 loan. This is absurd usury and will be illegal since it is not helping anyone except the lender. It is predatory lending at best that just gets borrowers in deeper debt than before."Some will say, that little man requires somewhere to go," said state Rep. Eldridge Emory, "Butif he gets money by doing this, heis just digging a hole deeper and deeper, and heis not going to get out."Several states like New York have currently banned this form of predatory lending. - 30 Day Wire Transfer Payday Loan Does Chase Cash Advance Work
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