“Are payday loans a good idea?
August 10, 2009 | industry, international | Comments (0)From a column out of Great Britain:
The fact is payday loans are beneficial for some consumers. When the alternative is to pay a pending obligation late, there is the chance of incurring penalties and interest charges that exceed the charges that a payday loan provider would charge. From this perspective, the consumer has the benefit of maintaining a good credit rating by avoiding a late payment while also keeping the associated charges lower than they would be otherwise.
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