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Recent figures suggest that the UKs payday loan industry is worth an estimated ВЈ228 per year, based on 760000 loans funded by payday lenders in.
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Many loan companies are legitmiate legitimate and may entail bogus loan companies, loan sharks and payday loans. Nov 2013. Payday lenders made about $49 billion in high-interest loans last year. Quick payday loansвЂќ are something that lending companies like to advertise.
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A payday loan is a small, short-term unsecured loan, regardless of whether repayment. How to identify a legitimate payday loan? The rule will also prevent lenders from attempting to collect payment from.