Are Payday Loans a Good or Bad Idea? Bernie Sanders on Financial Services, Debt (2004)
A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a small, short-term unsecured ...
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Are Payday Loans A Bad Idea
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Payday loans can provide loans for people with bad credit scored but make sure you know the risks before you apply. What are Payday Loans? A payday loan is a short term cash loan which can be borrowed by most people even if they have a lower than average credit rating.
With annual interest rates around 400 percent, payday loans are called exploitative by critics. But the industry says those rates are necessary.
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Payday loan types. You can choose from a good number of payday loans according to your need and financial ability to repay the loan. Some of the most popular loan types are:
A payday loan is a short-term, high-interest loan, generally for $500 or less, that’s designed to bridge the gap between paychecks. The quick cash infusion is nice, but when you apply for a payday loan, you may wind up getting more than you bargained for.
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