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University of Minnesota Moment

« Supporting Minnesota's Military Families | Main | Time to Get Organized »

February 1, 2007

Beware of Fast Cash Loans

You need an extra $200 to get you through until pay day. A fast cash loan from a check casher or finance company is a quick, easy way to get it. Cindy Petersen, a family resource management educator with the U of M Extension Service, says check advances or fast cash loans are short-term and high-rate loans that come at a very high price.

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