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PAYDAY LOANS business blog fast loans loans payday payday loans salary loans wednesday word of the week Jul 01, 2020

Definition

A payday loan is a loan in which a lender gives the borrower a loan, typically under $500, that is due on the borrower's next payday.

Why It's Important

In my opinion, payday loans are a type of predatory lending.  They typically have high-interest rates and or fees....

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