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Resource ID: #21644
Subject: Loan Scams
Source: Star (Toronto, Canada)
Date: 2004-06-19



This three-part series investigated payday loan stores that offered high-interest, short-term loans. A reporter took out loans at these stores and found that fees and interest charges ranged from 390 to 890 percent. These stores target low-income residents and were widely unregulated.

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