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The combination of a tightening economic environment and the recent cut in benefits has meant that many more people are being caught in the credit net and driven into the willing hands of these companies, which no matter how hard they try to upgrade their image, are still legalised loan sharks.
In other words, virtually every angle of taking and repaying a student loan is worse from a private lender than from the federal government.
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- We probably need to have this talk, but the amounts are smaller than what you are dealing with.
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