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- 02:13, 3 January 2024 ShanaAckman35 Sọ̀rọ̀ contribs created page Avoid A Payday Loan Debt Trap (Created page with "<br>Payday loans are often used to cover expenses that can't be postponed, such as utilities or rent. But they come with a high price. Many payday lenders charge a fee for every $100 borrowed, and borrowers are often forced to roll over the loan or take out new loans, creating an endless cycle of debt.<br>No hidden fees<br>Payday loans are short-term high-interest loans based on your income. They usually come with triple-digit annual percentage rates and are due within t...")