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Without a doubt about experts Phone 279% Loan A ‘Debt Trap’

Without a doubt about experts Phone 279% Loan A ‘Debt Trap’

Numerous cash-strapped Tennesseans have looked to payday advances in a down economy.

However a brand new item called a flex loan is quickly becoming the industry norm.

It is an open-ended personal credit line with an impressive 279per cent yearly rate of interest.

Tennessee is among the very first states where you are able to have the flex that is new. Like pay day loans, these loans have high interest levels.