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WERTH: So, what Fusaro did was he set up a randomized control trial where he gave one group of borrowers a traditional high-interest-rate payday loan and then he gave another group of borrowers no interest rate on their loans and then he compared the two and he found out that both groups were just as likely to roll over their loans again.
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Stephen Weiss said it's a "tough call" at this point but allowed "there's a floor under it.
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And usually interest is not so huge.
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Now you've paid your debts either through credit card payments (yeah right), settlements, bankruptcy or just riding out the collection attempts.I make $1000 a month, more or less, and my monthly expenses — including rent, utilities, food, and my phone — sit at about $700, online direct payday loans.
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(Which from what I hear USAA is working on)
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