Loan Shark Prevention Act – What It Is and How It Would Affect You

https://www.moneycrashers.com - A 2019 study by Northwestern Mutual revealed some sobering statistics on consumer debt in America. It found that the average American adult has nearly $30,000 in debt, and that figure doesn’t even include mortgage debt. More shockingly, the study found that Americans spend over one-third of their income on debt repayment, on average.

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