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Minnesotans burned by far-away online loan providers

Minnesotans burned by far-away online loan providers

Predatory lenders from Malta, the West Indies and places that are distant borrowers into loans with annualized interest levels topping 1,500 per cent.

This informative article ended up being monitored by MinnPost journalist Sharon Schmickle and manufactured in partnership with pupils during the University of Minnesota class of Journalism and Mass correspondence. It really is one out of a few occasional articles funded with a grant through the Northwest region Foundation.

“They have now been harassing me personally at your workplace and I also have actually suggested in their mind on a few occasions they are very aggressive . . that we can’t receive non-emergency calls at the job and . threatening to send a constable to my task to provide me papers,” a St. Paul resident reported.

“i’ve been having to pay . . . $90 every fourteen days and none from it went to the principal of $300,” a Glencoe resident published.

“I wish their harassment stops soon,” a Shakopee resident composed.