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How Do Payday Loans Work

How Do Payday Loans Work? Payday loans are usually easy to apply for. It is much quicker process than more traditional bank loans. The application is usually made online or by visiting a payday shop. Process for obtaining a loan is fast and straightforward if the applicant has a permanent job and a bank account that handles electronic money transfers. PAY DAY SHOP 13T As the application is processed, it is approved at the same time, and money is deposited directly into the borrower's bank account usually on the same day. BANK 100 (Direct debit facilities are used by some payday lenders to give them greater control over the repayment of the short-term loan.) Alternatively, the borrower will offer a post-dated cheque to the lender to cover the eventual repayment of the money borrowed, plus interest. It has been estimated that the average payday loan size is approximately £300, and 2/3rd of borrowers have annual incomes below £25,000 Designed & Developed in Public Interest by DoshDelivery Get Money fast at www.doshdelivery.co.uk

How Do Payday Loans Work

shared by doshdelivery on Jul 01
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How Do Payday Loans Work

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John Mitchell

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Business
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