In the United States, payday loan operators typically operate from storefronts in. Payday lenders offer cash-advance loans, check-advance loans, post-dated check loans or deferred-deposit loans.
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Payday Loans are broadly considered small dollar (typically around $500) and short term (typically two to four week) loans that come with interest rates of almost 400%.
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Payday loans normally go up to amounts of around $1000. The repayment of payday loans is normally done via a. This rollover system is prevalent only in certain states in the United States.