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A payday loan (payday advance) is a short-term borrowing (usually not exceeding 1500 USD) provided by financial institutions. The term originates from the fact that many of such loans are taken by individuals with emergency needs and paid back on the borrower's next payday (or any moment they receive money).
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PaydayLoansForUnEmployed.net
Another PEW study has found some interesting data on how fast cash advance loans are chosen and paid. PEW's Payday Lending in America series once again has studied the behaviors of short-term loan borrowers in order bring more light in how the industry affects the average person.
You hear about a cash advance being expensive, but have you ever really looked at what gets charged and how much it affects your finances? Let's take a look at an average cash advance where the borrower received $200.
PaydayLoansForUnEmployed.net
PaydayLoansForUnEmployed.net
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