Friday, May 4, 2012

Negative effect of Payday Loans

The Fast Cash Advance aka The Payday Loan

So what exactly is a payday loan? Payday loans are provided by companies or direct lenders who are not part of the banking system and do not operate as a bank. These loans are usually modest sums of money which are processed fast and do not require a lot of paper work. While different companies and different lenders will impose different rules, these loans will generally all be structured the same. The structure is quite simple: loans are no more than

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