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Types of Personal Loans Available

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Considerations for New Borrowers

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The fees for payday loans can range considerably depending on the lender and placement. Most lenders charge a payment primarily based on the amount borrowed, often expressed as a proportion. For example, it could possibly range from $15 to $30 for every $100 borrowed. This can lead to excessive annual share rates (APRs) that might exceed 300% if the loan isn't repaid on time, emphasizing the importance of understanding the true price before borrow

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