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Borrowers are occasionally even threatened with unlawful fees and prison time for failure to pay for their loans.

Borrowers are occasionally even threatened with unlawful fees and prison time for failure to pay for their loans.

DECEPTIVE EXPLANATIONS OF AGREEMENTS, ESPECIALLY FOR TITLE LOANS Payday loan providers often usually do not explain most of the regards to the agreement, including stipulations needing borrowers to accept arbitration that is mandatory to waive their straight to a jury test in case of a dispute. The contracts in many cases are long and confusing to borrowers, lots of whom state they usually have the many difficulty with name loan agreements.

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