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COPYRIGHT 2004 Daily News
Byline: Daniel Dunaief
Nov. 24--For nine years, Richard Ayers of Brooklyn replaced some of his credit card loans and other debt with payday loans -- and in the process dramatically increased his interest payments.
Strapped for cash, the 55-year-old health care worker would take out loans that promised instant cash pending the arrival of his next paycheck, but charged rates of 30 percent or more every two weeks.
"I'm sorry I did it," Ayers said. "It...
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