My naive, 22-year old son took out a 'payday' loan for $200 plus $60 "fee" on 2/1. This has now caused him to incur more than $500 in bank fees because they ran (3) seperate payments on a single day on 5 seperate occasions. They continue to "refinance" for $60 a pop and there's no end in sight! I'm calling tomorrow to put an end to this but they appear to prey on young people working part time and/or minimum wage jobs. This s a sin!!
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