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The truth is: Payday loans are an extremely expensive form of borrowing money. They often carry triple-digit interest rates and include all kinds of hidden fees. One payday loan can quickly snowball into too much debt for one family to handle. Many payday borrowers come up short on their loan’s due date, so they must take out a new loan to pay off the old one. Or sometimes, lenders will offer consumers additional cash if they take out a new loan to pay off the old one. This is called “rolling over” a loan. Each time a loan is rolled over, the lender tacks on additional fees. This creates a cycle of debt from which some families never recover. Педикюрные носочки Sosu episode guide newsroom hbo
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Last week, City regulator the Financial Conduct Authority (FCA) warned the industry to take note after Britain's biggest payday lender Wonga announced it had written off £220 million of debt belonging to 330,000 customers. The move came after the FCA found that Wonga had granted loans to some people after carrying out inadequate affordability checks. canon 620 printer driver
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