Payday loans are short term cash advances that allow borrowers to borrow between $100-$1500 for a period of two weeks or less. The interest rates vary from lender to lender, but they typically range from 300% - 500%. There are over 3 million payday lenders operating in the United States alone. They offer quick access to credit at high interest rates. These loans are often marketed as a way to bridge the gap between paychecks. While these loans might seem convenient, they come with hidden costs. For example, some states require you to repay the amount borrowed plus additional fees within 14 days. If you don't, you'll face steep penalties.,%7C%D0%B2%D0%BE%D1%81%D0%BF%D0%B8%D1%82%D0%B0%D1%82%D0%B5%D0%BB%D0%B8,%7C%D0%B3%D1%83%D0%B2%D0%B5%D1%80%D0%BD%D0%B0%D0%BD%D1%82%D1%8B,_snip!divy.html
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