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How does cash advances work

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How does cash advances work

Money is disbursed to how does cash advances work quickly so you can cater for whatever emergency you had. You are expected to repay on your next paycheck. Payday loans. Payday loans regularly hit the headlines with horror stories of customers falling into debt.

Find out more about these controversial products… Key points. A payday loan is a short-term borrowing product with a very high interest rate Lenders are now regulated by the FCA, but many have been found not to be treating customers fairly Total interest and fees can be up to 100 of the amount borrowed They can be one of the most costly ways of borrowing, so it's a good idea to consider alternatives Gocompare. com DOES NOT offer a payday loan comparison service. Payday loans are notorious for high interest rates which, although they've been capped as of January 2015, could still see you paying back double what you originally borrowed.

How does cash advances work