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Whereas most lenders subject below-average credit money advances for brief durations and anticipate one cost to cover the mortgage in full, there are fairly few that can make arrangements for as many as six funds. He says he thinks the industry is reacting to the likelihood of the federal Client Financial Safety Bureau coming down hard" on single-cost payday loans, which shoppers often roll over" after two weeks when they find they can't repay the loan, locking them right into a cycle of debt.
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