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But inside these loans are high costs and terms that create a cycle of debt that sometimes puts families in a worse financial place.
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Unlike different loans, theyโ€re tied to your next paycheck and are meant to be paid off in full inside per week, two weeks, or a monthโ€s time. Most Payday Lenders Do Not Check Your Credit Score As It Is Not The Most Important Loan Criteria. Stable Employment Is The Number One Concern Of Payday Loan Lenders. As A Result, Bad Credit Payday Loans Are Common.
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