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A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a small, short-term unsecured loan, "regardless of whether repayment of loans is linked to a borrower's payday." [1] [2] [3] The loans are also sometimes referred to as " cash advances ," though that term can also ...
The average payday loan has an interest rate of about 400 percent. Interest rates on personal loans are usually capped at 36 percent. Personal loans tend to have a minimum repayment term of 12 ...
Payday loans. Also called a cash advance, a payday loan doesn’t require collateral and may offer you cash on the same day you apply. You’re required to repay the loan — plus high interest ...
In 2018, the Community Financial Services Association of America and the Consumer Service Alliance of Texas sued the CFPB in an effort to throw out a regulation cracking down on payday loans.
A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a short-term unsecured loan, often characterized by high interest rates. These loans are typically designed to cover immediate financial needs and are intended to be repaid on the borrower's next payday.
Tom Knox is an American businessman and politician. Knox became a millionaire through businesses in software, banking and health insurance. A Democrat, Knox ran for Mayor of Philadelphia in 2007 and briefly for Governor of Pennsylvania in 2010 before dropping out before the primary. [1]
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