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Cash advance mogul indicted for masterminding phantom financial obligation scheme A onetime payday-loan mogul had been indicted on federal costs which he composed millions of fake debts and offered them to bill collectors, victimizing individuals around the world. Joel Tucker, 49, surely could pull the scheme off because he currently had their victims’ private information …
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Short-Term, Small-Dollar Lending: Policy Problems and Implications Short-term, small-dollar loans are consumer loans with relatively low initial major amounts (frequently significantly less than $1,000) with fairly brief payment durations (generally speaking for only a few days or months). Short-term, small-dollar loan items are commonly used to pay for cash-flow shortages which will take place because …
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