What Is a Payday Loan and How Does It Work?

Payday loans appear to offer a way out of living paycheck to paycheck. But they’re incredibly expensive and often trap borrowers in a vicious cycle of debt, leading to long-term financial problems. Learn how they work and why it’s best to avoid them.

The post What Is a Payday Loan and How Does It Work? appeared first on Money Crashers.

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