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Why Payday Advances Are Bad

Why Payday Advances Are Bad

Are payday advances bad? The brief response is: “YES!” Listed below are seven reasons why you should prevent them without exceptions.

1. High-Interest Costs

Lots of people don’t realize the real interest on payday advances. They see $15 for every single $100 borrowed and think the interest price is 15%, which appears reasonable in comparison to other credit items and rates of interest. Continue reading Why Payday Advances Are Bad