a1ma3ndolhaTIthezt a1ma3ndolhaTIthezt
  • 23-03-2017
  • Business
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Payday loans tend to have higher interest rates and fees, making them difficult to pay back over time. true or false

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metchelle
metchelle metchelle
  • 05-04-2017
Since payday loans have higher interest rates and fees, these type of loans are usually given in a short-term basis in order to pay it back immediately. This loan charges interests that are higher compared to the banks. Therefore, the answer for the statement above would be TRUE.
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