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    why are pay day loan companies allowed to charge such high interest rates

    0  Views: 710 Answers: 2 Posted: 13 years ago

    2 Answers

    I don't know why but my best advice is not to get involved with them.You would become involved in a never endinding cycle of borrowing one week & paying back (with interest) the next.The only ones who really benefit from these loans are the lenders.Be careful.

    Some info here


    http://www.superloanpros.com/learn/payday-loans-2



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