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Loan Modification

: Loan Modification & Home Loan News

Payday lenders bailing out in wake of initiative victory

By Moe Bedard

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(Source: By Ed Kemmick, Billings Gazette, Mont.) – A voter-passed cap on interest rates that can be charged by payday and car title lenders doesn’t take effect until Jan. 1, but many of the lenders have already gone out of business, with most of those remaining likely to follow suit. At the beginning of 2010, [...]

Full post as published by Loan Modification & Home Loan News on January 04, 2011 (boomark / email).

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