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www.1100needcash.com Consequently people who have a bad credit score can also avail pay day loan. Drawbacks As compared to traditional loans, the rate of interest is fairly full of a cash advance. If you are not careful, multiple payday loan can have a negative have an effect on your credit history. There are several hidden fees attached with pay day loan.
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Online payday loans are short-term loans that are rather easy to obtain when you can display the financial institution your pay stub and issue a post-dated check ; usually dated per month as soon as the date the money is released. A criminal history check isn't even required to get approval.Pay day loans are engineered to become rapid and convenient and therefore the process of procuring an example may be pretty easy. Some states like South Carolina have placed limits on the fee amount allowed. South Carolina law limits this fee to 15% of the amount borrowed. If you decide to look at this in a yearly APR it would be 390% interest.
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