Payday loans are not a new form of credit. They have been available to consumers for many years. Licensed private lenders are authorised to offer short term loans to employed people who are earning a regular wage.
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- www.Cashme247.com Once a suitable pay day loan has become obtained, the individual will not be likely to repay the loan prior to the arrival of his or her next pay check. Normally, the repayment period will depend on a weekly pay period, but sometimes payday loan can be found with extended repayment periods too.