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Borrow $5,000, repay $42,000 — How super loans that are high-interest boomed in Ca

By       -   January 22nd, 2020

Borrow $5,000, repay $42,000 — How super loans that are high-interest boomed in Ca

JoAnn Hesson, sick with diabetes for decades, ended up being hopeless.

After medical bills for a leg amputation and renal transplant damaged the majority of her your your retirement nest egg, she discovered that her Social Security and pension that is small enough in order to make ends fulfill.

While the aquatic Corps veteran waited for approval for the pension that is special the Department of Veterans Affairs, she racked up financial obligation with a few increasingly costly online loans.

In-may 2015, the Rancho Santa Margarita resident borrowed $5,125 from Anaheim loan provider LoanMe during the eye-popping annual rate of interest of 116per cent. Read More

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