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Is pay day lending offer to Newsagents a race to the bottom?

11/29/2018

Is pay day lending offer to Newsagents a race to the bottom?

Some Newsagents have been offered the “opportunity” to participate in a pay day lending program, enabling them to derive a small income off the processing of pay day loans which typically have been in the range of $300 to $1,000. Pay day loans are the bottom feeders of the finance sector.