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Payday Loans: How to Borrow $300 and Owe $3000

by Russell A. DeMott, Charleston Bankruptcy Lawyer

If you’re filing bankruptcy, then chances are you may may have taken out a payday loan recently, according to a “Do Payday Loans Cause Bankruptcy?” by Paige Marta Skiba of Vanderbilt Law School and Jeremy Tobacman from the University of Pennsylvania. In theory, I have no problem with the concept of payday loans.  It’s nice [...]