Pay day loans gone, but significance of fast cash stays For fifteen years, Southern Dakota residents who required a little amount of cash on the go could move to storefront lenders whom made so-called pay day loans at yearly rates of interest that may increase more than 500 %. The industry thrived, and payday financing organizations that made loans on a regular or month-to-month basis popped up by the dozens throughout the state. However in belated 2016, following a campaign that is heated highlighted exactly exactly how some borrowers got caught in a period of spending extortionate interest and charges, Southern Dakota voters overwhelmingly authorizedRead More →

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