If a few bills filed by Sens. Wendy Davis, D-Fort Worth, and Royce western, D-Dallas, passes this session, clients who eliminate short-term, high-interest loans may be protected from exorbitant interest rate expenses.
A $500 cash advance suggested she may help her mother, enduring arthritis rheumatoid, spend her high insurance deductible for Cynthia Reynosa. But the interest she paid over the following half a year totaled $1,200 — a complete lot a lot more than twice simply what she’d lent.
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