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While they also charge periodic interest, the rate tops out at 35% for the least qualified approved borrowers.
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Moreover, there was a view amongst the authorities that these lenders have added to the financial instability instead of bringing a more stable financial situation for people.
The most common payday installment loan in the sample had 12 bi-weekly payments; a median size of $500 and a median APR of 348 percent, payday loans direct lender no teletrack in Copperas Cove.
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Instead they ask their boss or the compliance person, their processor or the person sitting next to them for the answer and move on.
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20 October 2015
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ZIP codes near Copperas Cove
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