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Pay Day loans with 4,000% APR interest rates; is this moral or just plain criminal?

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CHARITY SHELTER REPORT IN TOO PAY DAY LOANS. WITH 4,000% APR INTEREST RATES. I know that one Labour MP has been battling to end pay day loans with interest rates of 4,000% APR and up to know this banal government has refused to look at this issue. yet Cameroon told us all at his Manchester Tory Conference that people should pay off personal debt? Yet once more we see the City of London and the money men giving and openly encouragaging reckless acts of personal borrowing too the poor and needy ...

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