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Typical Utah pay day loan interest rises to almost 528per cent annually — increase what Mafia loan sharks charged in the 1960s

The currently astronomical interest levels for payday advances in Utah are increasing, to a typical of 528 percent, aided by the rate that is highest topping a sensational 1,500 %. Nevertheless, 1 of each and every 5 cash advance stores within the continuing state shut in past times couple of years. That’s based on new [...]