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By John Williams Payday Loans, often referred to as cash advance loans, are amounts lent by specialized lenders to borrowers until the next pay day. Typically, payday loans are extended for amounts that are less than $1,000. The loan is extended to the borrower against the personal check of the borrower that is placed with the lender until the next pay day. The cost of carrying payday loans is very high as the risk of default is high, since generally borrowers who find themselves in a very d
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Random Feed wrote an interesting post today on
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Payday loans are an extraordinarily popular form of borrowing, but they don’t have the best reputation. Why is this? For the most part, payday loans get a bad rap because of the unscrupulous tactics of a handful of lenders that give the rest of the industry a bad name. In addition, some buyers dive into payday loans without fully understanding what they’re getting into, which leaves some borrowers with a bad taste in their mouths. So are payday loans really all that bad? In this post, we’ll an

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Random Feed wrote an interesting post today on
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The short term cash advance loans are nothing but the loan advanced to borrower for a small sum to help him meet emergencies. It is seen quite often that the salaried class run short of money and urgent expenses arise. The short term cash loan is considerate of people going through such adverse situations and is thus organising required cash to deal with the situation. Certain borrowers blame that these loans are small sum loans and they can themselves search the loan. But there is a word of ad

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Random Feed wrote an interesting post today on
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window.document.getElementById(’post-179′).parentNode.className += ‘ adhesive_post’;I watched Ted Strickland, Jon Husted, Bill Harris, all elected officials, and Bill Faith, executive director of the Ohio Coalition on Homelessness and Housing, doing a press conference today downtown. Faith led the effort to pass HB 545, which takes effect Sept. 1, and limits borrowers to four short-term loans a year and caps annual interest rates at 28 percent — down from the 391% allowed under law that expires at the end of August. I didn’t have to use payday loans when I was in the service

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Random Feed wrote an interesting post today on
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As the American financial crisis deepens, blame is circulating faster than money. While congressional fingers wag at Wall Street, and watchdog groups indict sleeping government regulators, pundits lament a culture of consumption that has traded old-fashioned American thrift for a low down-payment and no interest for 16 months. A shop window in Falls Church, Virginia advertises payday loans. (Source: Wikipedia) With markets in turmoil, money is staying put. Borrowers – from businesses looking

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