By Harry Samler – CBS46
ATLANTA (CBS46) – Maybe you’ve received a check in the mail offering to help you pay off your holiday debt. These so-called live checks are loans saddled with exorbitant interest rates.
Better Call Harry first told you about them last fall when he profiled a Hampton couple now facing a loan company lawsuit.
The check mailings are legal because state law does not prohibit them, but a consumer watchdog group and a state lawmaker want the practice stopped.
Better Call Harry continues to follow this story.
The Georgia Attorney General’s Office and Georgia Watch have developed the Basic Training App, which includes a tool to determine how much you will pay on the lifetime of a loan.
For more information and to download the app, click here.
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