An In-Depth Look at Internet Payday Loans

Because of the present economic situation, people's salaries do not often extend up to the next payday. With expenses for groceries, fuels, and other bills to pay at home, consumers are often on a tight budget with little savings left. So when an emergency arises, or an important purchase must be made and cash is short, the only way to avail themselves of fast cash is to borrow money from loan institutions. In looking up loan facilities that could give them instant money with not much pap...
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The Truth About Payday Loans

The Kansas City Star recently reported that a single mother used a payday loan to borrow $300 for a trip to the dentist. When she couldn't pay the loan two weeks later, she extended it and paid $50 twice a month for almost four months and still owed the entire principle amount. A woman in North Carolina started with a payday loan of "$50 or $100," and before she knew it, she was getting one loan to pay another and had racked up $700 in high-interest debt. (more…)
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