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gurubest · Mistrz Dołączył: 05 Mar 2015 Posty: 44172 Przeczytał: 0 tematów

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Step #3 - This is the best part. You can get your loan as soon as the next business day**. To prevent unreasonable and excessive rates of interest, some jurisdictions limit the annual percentage rate (APR) that payday lenders can charge. The APR is typically substantially higher than credit cards since payday loans often carry substantial risk to the lender, with an average loan default rate of 10-20%. Financial Implications: ĐÂ Short term payday loans are meant to be just that: Short term.ĐÂ Typical fees range from $15 to $40 for every $100 borrowed up to $500.00.ĐÂ Fees per $100 begin dropping on loans larger than $500.00.ĐÂ Fees are typically less than what borrowers can expect to pay for bouncing a check, having a utility disconnected, or paying a credit card bill late.
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