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The Cash Advance Industry Is A War Zone.
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The Cash Advance Industry Is A War Zone.
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The the merchant cash advance business
is known not just by me. It's known by
the industry itself, uh, by journalists,
by the law itself, that it's a predatory
lending. Meaning that by default, the
industry itself is inherently a predator
for its customers, which are prey.
Because the rates of interest that they
charge
are so high
that it is statistically improbable to
the point of impossible for the customer
to ever come ahead as a result of it.