Eight Ways to Avoid the Payday Loan Debt Trap

14 09 2009

 Thousands of Americas take out payday loans every week.  These small loans are often used to get the consumer out of a bind- perhaps by paying an overdue bill or helping with the cost of car repairs.  Even though many consumers have the intention of paying the loan back with their next pay check, many are unable to repay the loans on time.  The interest rates on these loans are huge and  thse loans end up costing consumers millions of dollars a year.  Click here to learn eight tips to avoid the trap of payday loans.  Source: WREX.com

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