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Do you just need a small advance against your pay to tide you over? [link widoczny dla zalogowanych] Press releases and media contacts for Loans of America There are undoubtedly many reasons why people avail of bad credit payday loans .Â Despite the seeming popularity of this type of loan facility there are still many people who are confused.Â Because of the various misconceptions that surround bad credit payday loans some people who deserve to apply have doubts brought about by the different wrong information that they receive.
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-Addictive [link widoczny dla zalogowanych] If you have other bills due that have high penalty fees. Very often, if you are late paying a utility bill you will have a late penalty that can be larger than the total amount you would end up paying if you took out a quick $1000 loan from a payday lender. With this, just do the simple math -average rates on payday loans are usually around $15-$18 per $100 borrowed. So, if you need to borrow 1000 you can expect to pay around $150 to $180 in interest over a two week period, or at least by the time your next paycheck comes. Of course, most utility bills are in the $25 – $75 range, so you would probably only need to borrow $100 to get you by. Then a payday loan can be the solution you are looking for.