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The Consumer Finance Association (CFA) has hit out at the “myths” surrounding payday loans which it says are misleading consumers. John Lamidey, chief executive of the CFA, said: “There seems to be a lot of confusion about the benefits and costs of short term, often called ‘payday’ loans. “These loans can be a useful way of meeting immediate short term borrowing needs or opportunities, and avoiding long term debt, as long as they are paid back in full and on time.”....Read more here--> CFA attacks payday loan "myths"
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