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August 2013 Archives

Arkansas credit card debt: Desperation shouldn't drive decisions

When it comes to predatory lending, Arkansas may enjoy something of a reputation of being the place of calm in the eye of the storm. That is, while states all around Arkansas continue to allow payday lending operations to function and charge sometimes exorbitant interest rates for fast cash, Arkansas' constitution has put a lid on such non-bank lending rates, capping them at 17 percent.

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