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Pension Loans Drive Retirees Into More Debt
The New York Times; subscription may be required 
Apr. 28, 2013
"[T]hese offers, known as pension advances, are having devastating financial consequences for a growing number of older Americans, threatening their retirement savings and plunging them further into debt. The advances, federal and state authorities say, are not advances at all, but carefully disguised loans that require borrowers to sign over all or part of their monthly pension checks. They carry interest rates that are often many times higher than those on credit cards."
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