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Describe three reasons should not use a payday loan

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Problem 1: You are in dire need of $300 to cover an unexpected expense, as you are still 5 days away from your next paycheck. A friend mentions that you can get a payday loan. You consider the pros and cons of the decision. For this discussion, describe 3 reasons you should not use a payday loan. Justify your answer with examples and links to specific articles. What is the value of the loans?

Reference no: EM132786987

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