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Are Pay Day Loans Dangerous?

Are Pay Day Loans Dangerous?

Our Kansas City Bankruptcy Attorneys Caution Customers

Pay day loan businesses are notorious for preying upon hard working individuals who end up in desperate need of fast money for automobile repairs, lease or other payments that are time-sensitive. These loans in many cases are a small amount with alarmingly high interest levels and just a short span to pay for it straight right right back, often perhaps perhaps not a lot longer than the date of one’s next paycheck. Our Kansas City bankruptcy solicitors caution that the attention fees and charges on pay day loans will make the original amount, that might be a couple hundred bucks, into that loan amounting to 1000s of dollars rapidly.