Borrowers without alternatives fall prey to predatory lenders
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EL PASO, Texas — Payday lending seems to be the only recourse for many people with no credit or damaged credit needing financial assistance in this rough economy. Many people find it hard to pay all their bills when their work hours are cut and they find themselves without cash. They have to turn to payday lenders. People with good credit normally just go to the local bank and ask for a routine signature loan. However, even for them, getting a loan is not easy anymore.
