State Laws Put Installment Loan Borrowers at an increased risk
State Laws Put Installment Loan Borrowers at an increased risk By permitting fees that are front-loaded states encourage refinancing Although state laws that are most prohibit prepayment charges, specific clauses effortlessly penalize borrowers for repaying early or refinancing. For example, at the least 25 states enable loan providers to utilize the “rule of 78s,” also…