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#5430
Anastasia Warden
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I’ve heard about this before. For example, the fees (often quite large) that are charged folks who are late with payments and/or overdraft from their bank accounts help create an ever deeper hole for those with limited financial resources. Of course, this cycle is also perpetuated by the ease of getting a credit card and the higher interest rates charged to those without strong credit scores – coupled with higher finance charges for car and housing loans.