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Debt Marketplace Provides Payday Lender A style of their Very Very Own Medication

Debt Marketplace Provides Payday Lender A style of their Very Very Own Medication

CNG Holdings plans to market $310 million of bonds, guaranteeing a 12% rate of interest to investors who is able to stomach its business design.

“The opinion option for the payday chain that exhibited the smallest amount of scruples.”

Customers with weak fico scores usually utilize payday loan providers to acquire short-term loans at high rates of interest.

Now CNG is hoping to increase some dough when you look at the corporate-bond market having an approach that is similar.