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During these turbulent economic times, millions of working Americans are facing, payday loans are becoming a popular source of short-term financing. This has been especially true for low-income families. Payday loans are easy to get and don't require any sort of credit check, but are they really a good idea? A payday.
Jan 17, 2013. Because of the exorbitant interest rates, payday loans are never a good deal for the borrower, but using an unknown online payday loan store can be even. “ The offer of short-term, quick-approval loans could simply be a vehicle to gather personal identifying information from desperate consumers for no.
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State Of Alabama Payday Loan Laws Back in January 2012, the day after Alabama beat LSU in the. but in reality. harbor from state small loan interest caps or usury laws, while another seven states have no usury laws to restrain rates. Payday loans are permitted in one state. States that prohibit payday loans due to small loan interest rate caps,
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The loan process. The basic loan process involves a lender providing a short-term unsecured loan to be repaid at the borrower’s next payday. Typically, some.
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