Should I apply for a payday loan?
You should not use them if you can avoid it. Such places cleverly avoid usury laws since they are not banks. So that means they can charge higher interest than banks. Now usually, if you have a problem making ends meet in a month, it is a recurrent or chronic problem. So if you cannot make your ends meet one month, you cannot do so the next month, plus the rest of the previous month, plus interest. So your debt keeps getting larger as you must take out more and more money with each month.
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