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1899cash :: Some states like South Carolina have placed limits around the fee amount allowed. South Carolina law limits this fee to 15% of the loan amount borrowed. If you were to look at this in a yearly APR it would be 390% interest. - 1899cash

The thing is, that's the problem with them as well. Once you go through the problem using payday loan, you are inclined to use and abuse them over and over again, thinking that they're the greatest thing since sliced bread. You tend to forget that, like several things, pay day loans also have their downfall.

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