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Payday loans examine your alternatives By Fredric Johnson
Payday loans seem so tempting; get your money now and pay them back at salary day. The interest is high, but whatever – you can afford $10 or $20. In addition, the loan process is so simple: if you deliver your application, you got your money! A goldmine if you are short of money …or not?
Let us go deeper into the disadvantages of payday loans: 1.The interest is huge. $10-$20 per $100 borrowed. Of course, this is affordable as a one-time fee, but if you are using a payday loan service once, then you are most likely to repeat this action, which bring us to the next point… 2.If you are short of money this month, then you are most likely short of money next month (because you have spent some... [ Read Article ]
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