It sometimes requires some difficult decisions to be made to put an end to the payday loan cycle, which is continuous use of payday loans to pay normal living expenses.
A payday loan is designed for emergency situations that require quick cash and a short turnaround. When a payday loan is used for normal living expenses, it can have a disastrous effect on your finances as you try to figure out how to get to your next paycheck with less income since you had to pay a high interest rate on the payday loan during the previous pay period.
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