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Missouri payday lenders shift to installment loans

Missouri payday lenders shift to installment loans

Payday financing volume in Missouri has declined dramatically in the previous years that are few according to a state survey released this month.

On 1st appearance, the research would appear to be nice thing about it to client groups that are fighting to limit the option of high-interest, short-term loans. The loans are argued by them lure cash-strapped borrowers into rounds of economic responsibility.