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Where Customers With Minimal or No Credit Could Possibly Get a Loan

Where Customers With Minimal or No Credit Could Possibly Get a Loan

A guideline protecting payday-loan borrowers survives the Senate’s ax. Nevertheless, you will find better options that are lower-interest.

A rule that is federal to safeguard cash-strapped borrowers through the risks of ultrahigh-interest “payday loans” has survived a death threat—for now. On Wednesday the Senate permitted a 60-day screen for repealing the Payday Lending Rule to expire, efficiently ending Congress’ energy to destroy it.