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Aktuelle Version vom 26. September 2012, 00:13 Uhr

Why do payday loans get this kind of a negative rap? Usually occasions you will see unfavorable tales about payday loans and how they carry ridiculous APRs of over 3,000%. These high APRs nonetheless are inherently flawed. An on the internet payday funds progress is developed for quick-phrase borrowing and should not be annualized to get an desire rate. Getting this very same logic of the payday loan critics, you would quote a resort place for 54,000 a yr or buy salmon for $15,000 a ton. It just does not operate that way.

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