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December 18, 2006
Consumer Advocates Warn Against Paystub Loans
NPR's Day To Day
December 18, 2006
by Charles Lane
Major tax preparation companies have rolled out a new holiday product: early tax-refund-anticipation loans. The loans are based solely on pay-stub information, and are being marketed as a way to get cash for holiday shopping. Consumer advocates say these loans are just another way to trap the nation's working poor into debt.
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Posted by 1000monkeys on December 18, 2006 09:34 PM