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Why are payday loans bad?

Payday loans are made to snare you into a cycle of debt. When an emergency strikes and you've got bad credit and no savings, then it might look as if you've got no other option. However, picking a payday advance negatively impacts your credit, any savings you might have experienced, and might even let you land you in court.

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Payday loans are designed to trap you in a cycle of debt. When an emergency hits and you have poor credit and no savings, it may seem like you have no other choice. But choosing a payday loan negatively affects your credit, any savings you could have had, and may even cause you to land you in court.

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