Pay day loan cost vs. alternative methods of borrowing (considering a $300 loan taken for two weeks)
Pay day loan cost vs. alternative methods of borrowing (considering a $300 loan taken for two weeks) Borrowing from personal credit line Overdraft security on a banking account advance loan on credit cards pay day loan $5.81 $7.19 $7.42 $63.00 Not surprisingly, less than 50 % of participants understood that a payday loan is higher…
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