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Payday advances have a reputation for producing a relentless financial obligation period that many individuals are incapable of break

Payday advances have a reputation for producing a relentless financial obligation period that many individuals are incapable of break (214.) consult Stegman, people Policy problems of Payday credit, supra note 5, at 21. “The respected increases and success of [payday financing] reflect that mainstream banking institutions failed to generally meet the need for brief credit