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Pay Day Loan Traps Borrowers Beware

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Before you get that Fast Cash payday loans overnight, ask yourself how much you can really repay when the next payday rolls around.

Work out an exact number you can commit to. Take a cash advance only for the amount you can repay, make sure you know about all the charges.

Here’s why.

If you choose to roll over all or part of the payday loan, you will end up paying much more, additional charges, late fees, etc. Your APRs on the payday loan will start climbing rapidly and you may even find yourself trapped in a vicious cycle of payday loan debt.

Stay clear of this payday loan trap.



Before you get that Fast Cash payday loans overnight, ask yourself how much you can really repay when the next payday rolls around.

Work out an exact number you can commit to. Take a cash advance only for the amount you can repay, make sure you know about all the charges.

Here’s why.

If you choose to roll over all or part of the payday loan, you will end up paying much more, additional charges, late fees, etc. Your APRs on the payday loan will start climbing rapidly and you may even find yourself trapped in a vicious cycle of payday loan debt.

Stay clear of this payday loan trap.


Posted by Payday Loans Tips on 3/14/09 1:58 AM


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