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Showing posts from July, 2020

Some Myths about Payday Loans

As there are so many loans you can go for in the hour of your need, one loan that has always been controversial is a payday loan. While people do not think much when they have to go for other loans, they think carefully while applying for online payday loans.  In case you too are planning to for payday loans, here are some myths you need to burst before applying for them with a clear head: 1. Most of the people think that payday loans for those who are struggling or are inadequate. But, this is not true because anyone who needs money urgently and is short of it can apply for this loan. It is a loan that is given based on a proof that a person is having regular income and is capable of returning it, which means anyone who is having fixed income, poor or middle class, can apply for it. Therefore, as long as you are having regular monthly income, you can go for this loan with hesitation.  2. Some people think that the lenders are charging a high rate of interest to earn profits from this