We all know the benefits payday loans can offer. A fast and easy way to get an advance on your paycheck may seem great at first. While these advances are convenient to anyone needing quick cash, it can ultimately become a never ending loop of losing more money than you realize.
If you're considering using a payday loan then you are likely living paycheck to paycheck just like many other people today. An advance on your pay seems like a great way to get mid week funds to tie you over until you actually get paid, but think about the design of this system.
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