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Varvara68 [4.7K]
3 years ago
6

Who is forced to use payday loans what are the disadvantages

History
1 answer:
padilas [110]3 years ago
8 0

Answer:

Payday loans are akin to loan sharks. They are a cash type of subprime loans.

Explanation:

High interest rates for a demographic that generally pays high interest because of credit ratings, lack of job security, i.e. longevity, and lack of savings. They serve the purpose of getting short term cash loans.

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Hey there! I'm happy to help!

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Have a wonderful day! Keep on learning :D

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