Octomom the Latest to Endorse Payday Loans

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1 thought on “Octomom the Latest to Endorse Payday Loans”

  1. A new Pew study showed that only 16% of borrowers took out a payday loan for an unexpected emergency.  Most of them were using for basic living expenses and the average loan was extended 8 times, costing over $500 in interest. 8 times… maybe that’s the real meaning behind “OctoLoan”.

    http://www.pewstates.org/research/reports/who-borrows-where-they-borrow-and-why-85899405043

    Thomas Nitzsche
    ClearPoint Credit Counseling Solutions
    http://www.clearpointccs.org

    Reply

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