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Payday advances are marketed as being a quick monetary fix but in fact create an inescapable financial obligation trap.

Payday advances are marketed as being a quick monetary fix but in fact create an inescapable financial obligation trap. Payday loan providers charge exorbitant rates, simply simply take usage of a borrower’s banking account for payment, and work out loans without any respect for a borrower’s capability to repay without refinancing or defaulting on other

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