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When are payday loans worth it?
#32
A payday loan is a short-term, high-interest loan, generally for $500 or less, that’s designed to bridge the gap between paychecks. The quick cash infusion is nice, but when you apply for a payday loan, you may wind up getting more than you bargained for.

As the Consumer Financial Protection Bureau notes on its site, these loans are typically for small amounts but give lenders access to your checking account or require you to write a check for the full balance in advance, which the lender can deposit when the loan comes due. Worse still, payday loans carry sensationally high interest rates, with some costing as much as 400%. That’s serious money for a cash-strapped consumer, and though state laws and other factors influence charges, you’ll want to enter a payday loan agreement carefully.
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Messages In This Thread
When are payday loans worth it? - by Ecuaman - 01-08-2018, 08:47 PM
RE: When are payday loans worth it? - by Sase3119 - 01-09-2018, 01:08 AM
RE: When are payday loans worth it? - by alexd - 01-09-2018, 08:32 AM
RE: When are payday loans worth it? - by Uyj143 - 01-18-2018, 08:42 AM
RE: When are payday loans worth it? - by Uyj143 - 01-22-2018, 09:06 PM
RE: When are payday loans worth it? - by aecel - 01-10-2018, 01:44 AM
RE: When are payday loans worth it? - by alexd - 01-17-2018, 09:56 AM
RE: When are payday loans worth it? - by Heart - 01-18-2018, 03:13 PM
RE: When are payday loans worth it? - by jaymish - 01-22-2018, 05:46 AM
RE: When are payday loans worth it? - by MalC - 01-22-2018, 09:13 AM
RE: When are payday loans worth it? - by Uyj143 - 01-25-2018, 10:24 PM
RE: When are payday loans worth it? - by Uyj143 - 01-30-2018, 12:15 AM
RE: When are payday loans worth it? - by Uyj143 - 02-01-2018, 08:16 PM
RE: When are payday loans worth it? - by olive7 - 03-01-2018, 04:26 AM

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