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Online Payday Loans - Hidden Dangers For Consumers

Written By Unknown on Wednesday, May 8, 2013 | 5:40 AM


If you are short on cash and need an emergency loan to pay off a bill, you are likely to need an online payday loan.

Online payday loans are generally for someone who has low credit and is living paycheck to paycheck. Then an emergency comes up, their kid is sick or their car needs emergency repairs, or a bill comes up and it cannot wait until payday to get paid. So, why on earth would someone need to worry about taking out an online payday loan?

What is a payday loan?

These online loans are too readily available for quick cash. All a person needs is proof of employment, usually a few paycheck stubs, your boss's phone number, and two forms of identification. That's it. Normally your credit score doesn't even come into play.

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