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Why Is The APR So High on a Payday Loan?

Tuesday, November 5, 2013

Why Is The APR So High on a Payday Loan?
Unless you have been living under a rock for the past year you will have noticed the rush of companies that are fighting to offer you a short term loan. Usually called payday loans, these lending solutions provide extremely short term loans for people that need a top up to get them through to the end of the month. The loan terms are usually 1 month but they could be as short as two days or as long as three months.

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