Borrow $5,000, repay $42,000 – How super high-interest loans have boomed in California

By ANDREW KHOURI and JAMES RUFUS KOREN

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JoAnn Hesson, sick with diabetes for years, was desperate.

After medical bills for a leg amputation and kidney transplant wiped out most of her retirement nest egg, she found that her Social Security and small pension weren’t enough to make ends meet.

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