Short-Term Loans Can Be Financially Damaging

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Short-Term Loans Can Be Financially Damaging

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 Schimmeck

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