CS Zimzelen

MOORHEAD-City and state officials collected right right here Monday, June 4, to go over methods to assist Moorhead residents avoid what one organization that is nonprofit the “debt trap” of pay day loans.

Exodus Lending, which helped arrange Monday’s meeting, claims many residents in the area whom sign up for pay day loans face fees and rates of interest upward of 200 per cent when they become stuck in a period of financial obligation marked by constant renewal of loans plus the investing of great interest and charges on a basis that is ongoing. Continue reading

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