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Indian tribes lash down at efforts to squelch lending that is payday

Indian tribes lash down at efforts to squelch lending that is payday

ASSOCIATED STORY

WHAT’S AN ONLINE PAYDAY LOAN?

• an online payday loan is a short-term, unsecured, high-interest loan.

• In Tennessee, lenders may charge $15 for a $100 loan.

• The loan is usually due within fourteen days, or from the payday that is next. Ergo the true name pay day loan.

• If borrowers pay off the mortgage straight away, it may be a way that is good avoid missing an automobile or a household re payment.

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