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State Laws Place Installment Loan Borrowers at an increased risk

State Laws Place Installment Loan Borrowers at an increased risk By permitting front-loaded charges, states encourage refinancing Although many state laws and regulations prohibit prepayment fees, particular clauses efficiently penalize borrowers for repaying early or refinancing. For instance, at the very least 25 states enable loan providers to make use of the “rule of 78s,” ... Read More