Author: Better Business Bureau Published: 3/16/2008 Category: Finance According to the Federal Trade Commission (FTC), check cashers, finance companies, and others are making small, short-term, high-rate loans that go by a variety of names: payday loans, car title loans, cash advance loans, check advance loans, post-dated check loans or deferred deposit check loans. With payday loans, a consumer writes a check payable to the lender for the amount he or she wishes to borrow, plus…
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