Why You Should Beware Payday Loans

Happy millennial couple satisfied with planning family budget, getting income, loan, mortgage bank approval. Young husband and wife using laptop, calculator and documents, giving high five

Payday loans are often advertised as perfect for those with bad credit, who may not qualify for personal loans from traditional lenders like banks or credit unions. However, payday loans are dangerous for a variety of reasons. Borrowers should take caution before using this option.

Image via Unsplash/Alexander Mils

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