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Mar 25, 2014 “Repeat borrowing is the norm, because customers usually cannot afford to pay the loans off on payday and cover their other expenses, so they and the Federal Deposit Insurance Corp. imposed tougher standards on banks that offer short-term, high-interest loans similar to storefront payday loans.

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Jan 31, 2017 Online personal loan lenders help bad credit borrowers obtain fast cash and pay it back monthly rather than weekly. The larger Personal loans with low monthly payments help applicants with bad credit history improve their odds of an approval. Online Lenders may contact you with offers via email.