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John Charette, 47, of Yarmouth, Maine, said the payday loan outfits can be helpful for people like him, who are divorced and have bad credit. He used RepubliCash in Portland to get a. borrowers seeking a short-term cash fix are saddled.
However, mainstream financial institutions are increasingly peddling similar loans. In California, payday lenders charge a 460 percent annual interest rate for a two-week cash advance on a borrower’s pay or benefit check. The terms at.
Updated: October 16, 2017 Originally Posted: October 31, 2013 Alert Number: CA048078_ 10/6/17. Also Doing Business As: Cash Advance; US Cash Advance
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. America Cash Advance Centers Inc. and Berwyn, Penn.-based Dollar Financial Corp., have registered initial public offerings and are expected to enter the market in the next few months. A number of companies that offer payday loans.
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A payday loan is a cash advance given to a consumer. The consumer hands over a check or agrees to have a deposit account debited. Either transaction takes place at a future date when, the theory goes, the consumer can repay the.