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Some installment that is high-interest have actually unreasonably long terms, with just a little percentage of each re re payment decreasing the loan’s balance.

Some installment that is high-interest have actually unreasonably long terms, with just a little percentage of each re re payment decreasing the loan’s balance. Exorbitant loan lengths can increase or triple borrowers’ costs, 26 and extremely long loan durations additionally pose danger to borrowers with volatile incomes. In lower-income…

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