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What are the risks associated with a payday cash loan?

Updated: 8/20/2019
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10y ago

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Payday cash loans come with a substantial risk to the lender, due to uncollateralized loans to high-risk borrowers. There is little risk to the borrower outside of damage to credit and accumulated interest if the individual does not pay back.

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Q: What are the risks associated with a payday cash loan?
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