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Payday Loan Centers Charge Whopping Interest Ratesnew

Payday loan centers have partnerships with out-of-state banks to evade state usury laws, and as a result get away with charging interest rates that can surpass an annual 700 percent.
Dallas Observer  |  Paul Kix  |  09-12-2005  |  Economy
Tags: ACE Cash Express Inc. of Irving, and First Cash Financial Services Inc. of Arlington, Cash America International Inc. of Fort Worth, ICS Debit, Preferred Cash, Texas regulators, usury

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