3 years ago

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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