What You Should Know About Consolidating Payday Loans

Payday loans are taken out by an estimated 12 million Americans each year. Payday loans are among the costlier ways to borrow money, which many people are unaware of. A payday loan’s annual percentage rate (APR) can easily approach 300 percent, which is enormous when ConsolidationNow compared to the average credit card APR of around 16 percent. When borrowers can’t ...

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