Know the Risks of Using of Payday Loans

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Payday loans seem like a great idea when you’re strapped for cash and need to pay a bill, but they should only used as a last resort. This is because there are inherent risks in using short-term, high-interest loans, namely falling into an ongoing cycle of debt that you can never climb out of. Read on to learn more about this risky loan option.

Image via Flickr/CafeCredit.com

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