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How Payday Loans Work
Abstract: Payday loans work differently than other loans. They provide a convenient way to get short-term ''fast cash,'' but their interest rates are much higher than those of traditional loans.
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https://www.stlouisfed.org/open-vault/2019/july/how-payday-loans-work
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https://fraser.stlouisfed.org/title/open-vault-9398/payday-loans-work-688050
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Provider: Federal Reserve Bank of St. Louis
Publication Date: 2019-07-30