April 29, 20231 min read, 278 words
Published: April 29, 2023 | 1 min read, 278 words
A typical two-week $100 payday loan comes with $15 in fees — which equates to an annual percentage rate of 391% — according to the Consumer Financial Protection Bureau. For context, financial experts consider 36% the maximum APR a loan can have to be affordable.Because payday loa...
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