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Wednesday, February 08, 2023

186% : Man slammed with triple digit interest rate on loan

OKLAHOMA CITY (KFOR) – With rising inflation more Oklahomans are having a hard time paying for basic needs. 

To make ends meet, many are turning to quick, online payday loans, but in some instances, the payback terms are shocking.

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He didn't think to ask what the interest rate was or even what the payoff amount would be in that one hundred day period?
He learned a lesson the hard way - never assume anything when it comes to borrowing money, I don't care if it's from a friend, family member or legal loan shark.