RESEARCH FINDS INSTALLMENT LENDERS PEDDLE SMALL DOLLAR/HIGH INTEREST LOANS, PRACTICE INVASIVE COLLECTION TACTICS AND MAKE USE OF GAPS IN LENDING LAWS
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NY , LOS ANGELES and ST. PAUL, Minn. , /PRNewswire/ — A unique joint investigative report by market and ProPublica discovers that installment loan providers like World Finance are profiting by giving small-dollar, high-interest loans to low-income Us citizens. These financial institutions utilize aggressive collection techniques and make an incredible number of dollars on installment loan products with yearly portion prices that may effortlessly meet or exceed 300%.