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Study: Many Payday Borrowers Need Additional Loan
A majority of borrowers who take out payday loans have to seek a new loan shortly after paying back the original debt because repayment left them with inadequate funds for other needs, a new study by the Center for Responsible Lending has found.
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Study: Many Payday Borrowers Need Additional Loan
A majority of borrowers who take out payday loans have to seek a new loan shortly after paying back the original debt because repayment left them with inadequate funds for other needs, a new study by the Center for Responsible Lending has found.