Payday loans are short-term, high-interest loans that are very easy to get. The danger is that if you have to renew the loan, you fall into the payday loan cycle. This can cause debt to snowball, and costs a lot of money in the long run.
According to Creditcards.com, about 40 percent of Americans carry credit card debt from month to month without paying it off. The website also says the average interest rate on those credit cards is more than 13% but did you know that there are 7 ways to get out of credit card debt?
Payday loans are short-term, high interest loans that are very easy to get. Beware of Payday Loans though. It may be convenient to stop at a local cash advance store on the corner and tempting if your budget is tight. But, you should avoid these high-interest loans, at all costs! Consider the facts: To get a payday loan,...
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