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alternatives to payday loans

Not one of them is certified because of the state as being a lender that is payday.

Not one of them is certified because of the state as being a lender that is payday.

Rather, all three are certified as Industrial Loan and Thrift operations — a designation developed years ago by the Legislature. At first the designation wasn’t designed to use to pay day loans, the good news is its utilized being a loophole allowing loan providers to provide bigger loans and fee greater prices to Minnesotans.