What is Payday Loan? How Do Payday Loans Work?

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What is Payday Loan? How Do Payday Loans Work?

In this post, we'll discuss what exactly a payday loan is, the payday loan application process, and understanding how exactly payday loans work.

payday loan is a quick-fix loan that can help you cover instant cash needs until you get your next salary. These small-dollars, high-price loans usually charge triple-digit annual percentage rates (APRs), and payments typically owe within two weeks or close to your next payday.

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