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Finance : Payday Loan
Payday Loans are cash advance loans. Payday loans are a small (usually $50-$500) short-term loan with high interest. Payday loans are designed for people that need a cash loan in a hurry. A payday loan is granted by a lender that gives you cash for either write a personal check payable to the lender for the amount you want to borrow, plus a fee, or you authorize an electronic withdrawal from your checking account on the due date. The payday loans are for short periods of time: one to four weeks. There are over 10,000 payday loan outlets in business in the U.S. You can find a payday loans in almost every town. Payday loans are a very expensive method of obtaining short-term credit. Payday loans should be used as a last resort in an emergency situation
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