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New BBB Study Reveals Payday and Predatory Loan Scams

Image of a handing holding hundred dollar bills on fire.

FRESNO — As consumers lost jobs and struggled to make ends meet during the COVID-19 pandemic, many turned to payday loans and other short-term solutions, with an increase in online solutions. This not only allowed predatory lenders to thrive – many borrowers still contend with sky-high interest rates and opaque fees – but also created a fertile environment for scammers, according ...

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Sierra News Online

Sierra News Online