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	<title>Creditinfocenter Blog &#187; paychecks</title>
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		<title>Half of Repeat Payday Loans Opened Immediately or After 24 Hour Wait</title>
		<link>http://www.creditinfocenter.com/wordpress/2009/07/15/half-of-repeat-payday-loans-opened-immediately-or-after-24-hour-wait/</link>
		<comments>http://www.creditinfocenter.com/wordpress/2009/07/15/half-of-repeat-payday-loans-opened-immediately-or-after-24-hour-wait/#comments</comments>
		<pubDate>Wed, 15 Jul 2009 12:00:12 +0000</pubDate>
		<dc:creator>Kristy Welsh</dc:creator>
				<category><![CDATA[PayDay Loans]]></category>
		<category><![CDATA[borrower]]></category>
		<category><![CDATA[Center for Responsible Lending]]></category>
		<category><![CDATA[Credit Cards]]></category>
		<category><![CDATA[Fees]]></category>
		<category><![CDATA[interest]]></category>
		<category><![CDATA[paychecks]]></category>
		<category><![CDATA[payday loan industry]]></category>
		<category><![CDATA[Video]]></category>

		<guid isPermaLink="false">http://www.creditinfocenter.com/wordpress/?p=2383</guid>
		<description><![CDATA[Another blog post to further along our campaign against the payday loan industry!! According to the Center for Responsible Lending, payday lenders create their own demand with loan terms that generate rapid re-borrowing. This is termed &#8220;payday churning&#8221;, or repeat borrowing of what payday lenders market as a short-term loan of a few hundred dollars. [...]]]></description>
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