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Unifund On The Hidden Side Of Financial Insecurity

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And Webster wondered if perhaps Second Chances are “ticking time bombs” threatening to detonate on lenders, merchants and the economy as a whole if something doesn’t intervene. And as they are getting older, they are trying to recover from student loan payments while thinking about starting a family, and paying a mortgage and a car payment.

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Pew Talks Payday Loans

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The payday lender has tremendous leverage over the borrower because they can reach into the borrower’s checking account and get paid first.”. The borrower has trouble paying other bills, like rent or mortgage, and the borrower ends up taking another payday loan to make ends meet. The Solution Set — If One Is Possible At All .

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