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Florida regulation limits the interest and phrases of payday loans, and requires lenders to comply with different guidelines that defend customers. The report was bolstered by a Federal Reserve Board research which discovered that while bankruptcies did double amongst users of payday loans, the rise was too small to be considered significant. The same FRB researchers found that payday utilization had no optimistic or adverse influence on household welfare as measured by credit rating modifications over time. You may wish to look into a small loan out of your credit union or a small loan company.
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