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« When a lender approves you | We do not raise concerni... » |
You should always remember that in a few months, or even the following month, your "hot new item" could be last month's fad, and something else might have already taken it's place. So, there you'll go salivating again! It's a viscous cycle, and another reason to resist treatment of pay day loans.
Things for example sudden medical emergencies and payment for tuition fees and house bills (water and electricity) fall under this category.2. Important, but Not Urgent - Events that fall under the 2nd category are those that you need cash, but usually the bank notes are those which are regular (monthly, bi-monthly, annually, etc.) so you know when payment is due, and also the amount is fixed, so you know how much to set aside each paycheck.
Payday lending companies have high dollar lawyers and therefore are probably lobbying a state politicians right now to protect their interests. If enough people complain the states will all want to do something relating to this predatory form of lending.
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