Ending Payday Loan Dependence May Require Drastic Measures


It sometimes requires some difficult decisions to be made to put an end to the payday loan cycle, which is continuous use of payday loans to pay normal living expenses.


A payday loan is designed for emergency situations that require quick cash and a short turnaround. When a payday loan is used for normal living expenses, it can have a disastrous effect on your finances as you try to figure out how to get to your next paycheck with less income since you had to pay a high interest rate on the payday loan during the previous pay period.


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