Pay Day Loan Pitfalls
The FTC released an alert about payday loans and their high long-term costs. They walk you through the expenses related to payday loans if you do not pay them off immediately.
The FTC explains that the expenses related to payday loans if you do not pay them off immediately. For example, due to the high risk of the loan to the lender, they may charge $15 on a $100 debt. That amounts to 15%. If you
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