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how can a payday loan cause a consumer to fall into a cycle of debt?

5 Life Events That Make PayDay Loans More Reasonable

People frequently see payday loans as a quick and straightforward way to get money. Financial institutions intend to assist borrowers in covering short-term expenses until their next paycheck, but the phrase today refers to a broader class of loans. What Exactly Is a Payday Loan? In a Payday Loan, credit is given to you for a short period of time…