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Tucker is estimated to have earned $380 million from his payday loan organization, which exploited Native American sovereign immunity laws as a loophole through which to offer payday loans in states in which they are illegal. Operating under names including Ameriloan, Cash Advance, One Click Cash, United Cash Loans, and 500 FastCash, Tucker's ...
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Jones founded Check Into Cash in 1993. He has been referred to as "the father of the payday lending industry" for creating the first national payday lending chain. [2] [4] In 1973, at age 20, he left college, where he had been pursuing a business degree, to help stabilize the family’s business, the Credit Bureau of Cleveland (TN).
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When you can’t repay a payday loan, several things are likely to happen as a result.
A 2012 study by Pew Charitable research found that the majority of payday loans were taken out to bridge the gap of everyday expenses rather than for unexpected emergencies. The study found that 69% of payday loans are borrowed for recurring expenses, 16% were attributed to unexpected emergencies, 8% for special purchases, and 2% for other ...
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related to: oneclickcash one click payday loans log