Friday, April 24, 2020

Google Play Store Nixes Payday Loan Apps

Get A Short Term Loan In Three Easy Steps

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Keep in mind, payday loans are very costly, particularly compared to other types of loans. Fees can range from $10 to $30 for every $100 borrowed. That means a two-week payday loan with a $15 per $100 fee would equate to an annual percentage rate of charge, or APR, of 400 percent. Credit cards, in contrast, typically have an APR ranging from 12 to 30 percent.

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