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We let you know about Lawmakers tackle payday financing

We let you know about Lawmakers tackle payday financing For the previous many years efforts are made during the State Legislature to cap rates of interest imposed by New Mexico’s industry that is small-loan alternatively called storefront lenders or payday lenders. Lenders make loans of $2,500 or less, with frequently interest that is extremely high and quick pay-back periods. And typically their clients are low-income New Mexicans who require fast money to greatly help settle payments. The problem is back ... Read more