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In the past years, New Mexico enjoys permitted payday financing, but this hit a stop by January 1st, 2018. It followed the legislative energy that will put rules on small-dollar financial products that cumulated within the ownership of quarters invoice 347 that has been finalized by Governor on April 6, 2017. But this would not totally stop the small-dollar loan marketplace that clientele with bad credit score and low incomes highly use.
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