November 2005
Soldiers;Nov2005, Vol. 60 Issue 11, p44
The article reports that the U.S. Defense Department has launched a new effort to educate service members about the dangers of borrowing from loan-shark lending companies, and to teach them how to avoid ending up in a spiral of compounding debt. The most prevalent form of loan-shark lending affecting military personnel is what is known as payday loans, which are also called cash-advance loans, post-dated check loans or deferred-deposit cash loans.


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