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A payday loan or a cash advance is a short-term loan that is to be repaid before the borrowers next payday. Of course, this is not always the case.
You can get a payday loan and repay it by installments. This is not recommended, because each time you renew your loan, you will have to pay a fee. This can considerably increase the overall cost of the loan, making it much higher than originally planned.
Short-term, unsecured mobile loans. Payday loan borrowers dont need to offer collateral to take out a loan.
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