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Payday Loans

Provided by Khan Academy


One way to obtain the money on a short-term basis is by taking out a payday loan. Payday loans are small-dollar, short-term, unsecured loans that borrowers promise to repay out of their next paycheck or regular income payment. In this tutorial you will learn about how payday loans work and why it is best to avoid them altogether. 

Payday Loans: How Payday lending works 

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