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November 25, 2019

Signs an online loan is a debt trap

By ANNIE MILLERBERND
NerdWallet

As you scan the crowded pages of Google search results for a low-cost loan, it can be difficult to decipher reputable lenders from predatory ones.

These lenders, who use abusive or unfair practices, offer loans with high rates and excessively long or short repayment terms that make the lender money but leave the borrower with a loan they may not be able to repay.


 
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