Friday, August 17, 2012

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Licensed tiny loan corporations or signature loan corporations will charge 24 to 48th annual interest, and that they could allow you to form payments in monthly installments. this could be a more cost-effective different. for example, if the interest rate is 12 months and you borrow $500 and create monthly payments for four months until it is paid off, the full interest you will have paid is $38.04. However, if you borrow identical $500 from a payday loan company, and renew it each two weeks for those four months, you will have paid around $700 in interest and charges, assuming the fee is $17.50 per $100 that you just borrow.














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