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Payday loans cater to a wide range of requirements in size from $100 to $1,000, depending on state legal maximums. The average loan term is about two-weeks. The finance charge ranges from $15 to $30 to borrow $100. Shorter term loans have higher APR. You need to have a recurring, methodical and provable income source. What you can borrow is based on how much you earn. Typically, you can borrow as much as $1,000 or as low as $500. Your lender will review your income entries on your application to determine the exact amount for which you qualify. Before you borrow, you should consider how much it is you need. A same day payday loan will incur interest and processing fees- meaning that the more you borrow the more you will have to pay on your loan. You should only borrow what you need.
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Why Should I choose a Payday Loan? Where to Get a Personal Loan Without Credit. A no-credit-check personal loan may be a good solution for individuals looking to. The lender is provided with a good idea of your overall financial situation. If your credit rating is high or poor or can you provide a collateral if you are not able to pay the loan back?
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