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The Enticing Trap of Payday Advances Payday loans—also called cash advance payday loans, check advance loans, deferred deposit loans, and post-dated check loans—are short-term, high-interest loans from a payday lender’s store, on line, and sometimes even from some banking institutions. Loan sizes cover anything from $100 to $1,000, and they’re advertised as effortless, hassle-free techniques…

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