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Small dollar lending is a hot topic that is being debated by governments, business community, lenders, and consumers. The trend in payday lending seems to be increasing day by day despite the challenges consumers are facing. Characteristically, payday loans are very expensive and are intended only for emergency short term financial solutions. According to figures released by Consumer Federation of America- CFA towards the end of 2010 showed that there were about 19,700 payday loan providers in US. [link widoczny dla zalogowanych] Loans to pay off Taxes
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