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As more Californians borrow at shockingly high interest levels, will state split down on ‘ predatory lending ’?

As more Californians borrow at shockingly high interest levels, will state split down on ‘ predatory lending ’?

Elishia Benson currently knew the havoc an interest that is high loan could wreak on a banking account. She had lent before, including from payday loan providers, which legitimately can provide a maximum of just $255. But four years back, she felt out of choices.

A self-described “autism” mom in Chula Vista, she didn’t have a job. Exactly exactly exactly What she did have: a lot of financial obligation, plus lease, vehicle re re re payments and bills.

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