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Why voters are now being expected to cap rates of interest on payday advances

Why voters are now being expected to cap rates of interest on payday advances

Why voters are now being expected to cap rates of interest on payday advances

Colorado voters will decide Proposition 111, a measure that will cap the quantity of interest and charges charged by the cash advance industry. (Picture: AP)

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With payday loan providers https://fastcashcartitleloans.com/payday-loans-mo/ who promise quick money in a pinch, many Coloradans are able to find by themselves with high-interest-rate loans and a period of debt from where they can not escape. Leer más Acerca deWhy voters are now being expected to cap rates of interest on payday advances