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Legislative Updates

Friendly sales pitch can’t hide payday loans’ unfriendly rates

by David Lazarus, Los Angeles Circumstances

The letter that recently attained homes throughout Ca along with other states features a photo of Sylvester Stallone in “Rocky II” training for another shot at success.

“As you’re making your economic comeback,” it says, “we want you to learn increase is here now to aid.”

Particularly, the business is providing a pre-approved loan of $2,600, “which could be deposited into the account the moment tomorrow.”

“Everyone would like to get ahead financially,” the letter states.

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payday loand

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“BATON ROUGE, Los Angeles, United States Of America”

Launched – 1817 (18 Jan)
The income that is median children: 38,974 $
The median earnings for a Family: 51,568 $ Population – 229,173 Region – 79 square kilometers Wikipedia Page: Baton Rouge, Los Angeles