Category can payday loans garnish your wages

Why voters are increasingly being expected to cap rates of interest on payday advances

Why voters are increasingly being expected to cap rates of interest on payday advances

Colorado voters will determine Proposition 111, a measure that could cap the total amount of interest and charges charged by the cash advance industry. (Picture: AP)

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With payday loan providers who promise quick money in a pinch, numerous Coloradans find on their own with high-interest-rate loans and a period of financial obligation from where they cannot escape.

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