Payday Loans are short-term loans that are used to allow individuals to allow individuals to get money when in a bind. These loans enable individuals in an emergency to get the cash that can get them through pay periods. Payday Loans do not generally affect the FICO score, providing that they repay the loans within the terms allowed. Although not the best way to secure emergency money, Payday Loans allow individuals to resolve financial issues that pop up between pay periods.
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