State Laws Place Installment Loan Borrowers at an increased risk

State Laws Place Installment Loan Borrowers at an increased risk By permitting front-loaded costs, states encourage refinancing Although most state legislation prohibit prepayment costs, particular clauses efficiently penalize borrowers for repaying early or refinancing. As an example, at the least 25 states enable lenders to utilize the “rule of 78s,” also called th...
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