Tuesday, July 17, 2012

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Licensed small loan companies or signature loan firms can charge twenty four to forty eighth annual interest, and that they could enable you to form payments in monthly installments. this can be a more affordable alternative. as an example, if the interest rate is 12 months and you borrow $500 and build monthly payments for four months until it is paid off, the total interest you may have paid is $38.04. However, if you borrow constant $500 from a payday loan company, and renew it each 2 weeks for those four months, you will have paid around $700 in interest and costs, assuming the fee is $17.50 per $100 that you just borrow.














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