Pay day loans 4 things you should know

Pay day loans 4 things you should know

A cash advance provides fast usage of money however the expense may be prohibitive. ( iStock )

An unexpected expense can be difficult to cope with for millions of Americans living paycheck-to-paycheck.

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Payday advances — little short-term loans created to help until the next paycheck arrives — might seem such as the solution. These loans do not typically require a credit check and offer quick usage of money. Nevertheless the convenience will come at a rather high cost.

What exactly is a quick payday loan? (more…)

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