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A payday loan default can drain your bank account and trigger collection calls, a lawsuit and wage garnishment. Here are some actions you can take to. Other options if you cannot pay a payday loan. You should not prioritize paying the payday lender over putting food on the table or paying the rent...
Traditionally, a payday loan is a small, short-term loan that comes due when you are next paid. These types of loans originated to help individuals cover emergency expenses or other obligations that might come up between checks when there was no money left from the previous payday.
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