Fact: Each year, 12 million Americans are trapped in a cycle of high interest rate payday loans. Many people who enter into payday loan agreements do not know what they are getting into.

If you’ve ever been in a position where you need money quickly with poor credit, you might have considered taking out a payday loan. These loans are popular amongst people who are struggling financially because they are quick and easy to get, and there’s no waiting on the money. In spite of the simplicity of payday loans, there are tons of reasons to avoid them. It’s important to understand the truth about payday loans before deciding to…

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