Question: Are Payday Loan Advances Really Expensive?
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6:13
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This is clearly a propaganda video produced by a payday lender. It's intentionally false. The term of a loan does not make the loan "exempt" from the realities of APR. This particular product is a dangerous one not only due to the high interest, but due to the short repayment term it demands as well...resulting in what is commonly known as the payday lending "debt trap". The lenders are aware of this...their business model depends upon it.
TheEssaySea 2 months ago