A payday loan is a type of short-term, high-intere...

What Is a Payday Loan, and How Does It Work? – Military.com

A payday loan is a type of short-term, high-interest personal loan that becomes due when you get your next paycheck. Payday loans may look appealing in a cash crunch, particularly for people with low credit scores. But the fees and interest are…

 

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