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Published daily in Bend, Oregon, by Western Communications, Inc. Copyright 2007.
July 9, 2006
Payday loans have grown out of control. Lenders charge 400 percent to 500 percent interest on loans that are supposed to last just two weeks. The reality is that most people cannot pay off their loan in two weeks. Instead, they pay more fees to keep the loan rolling. That's the beginning of the....
