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Payday Loan Scene
Welcome to Payday Loan Scene and our great collection of tips, info and resources to help you
with your research on cash advances, cash for checks and payday loans.
 
Should You Get A Payday Loan
By Delia Galley

Payday loans are becoming increasingly popular and the industry is attracting a lot of attention. Payday loans are cash advance loans that consumers can get, until they are compensated on payday. An example of a payday loan transaction is, a consumer gives their payday loan lender $110 for borrowing $100. After the consumer gets their paycheck, they pay the lender back for the principal amount of $100.

The reason payday loans are attracting attention is that they are offered at high interest rates. Why are they offered at high interest rates? Let's examine the loan process.

1. A typical bricks and mortar bank will never loan you up to $1,500 in 24 hours. The barrage of paperwork that you wou...
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In the News
Payday Loan Defendant Settles FTC Charges
Illegally Tried to Garnish Borrowers' Wages Read More ...

Despite new law, subprime credit cards and payday loans can still be very dicey
You can still get credit if your finances are a mess. It will just cost dearly. A sweeping credit card law that took effect yesterday is supposed to prevent banks from employing tactics that push borrowers deeper into debt. Yet loans and cards with crushing terms still beckon. Read More ...

New coalition fights payday loans
A number of social policy groups have joined forces in a campaign to put limits on payday lending in Texas. Read More ...

 

 

 
 
 

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