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Advantages and disadvantages of payday loan

Advantages and disadvantages of payday loan

Posted on June 18, 2019February 18, 2020Author AdminPosted in Loan

A payday loan or cash advance is a small, short-term financial instrument that allows a borrower to cover his or her expenses until the next paycheck. Typically, the amounts of such loans range of $100 to $1500, on 10-14 days term and have enough high interest rates (APR) from 390 to 900 percent. Payday lending…

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