Additionally, since it is not backed by your home, if you do default, you do not lose any assets in the process. This can make it less of a risk to the consumer. I Applied For An Online Payday Loan. Here's What Happened Next. I Applied For An Online Payday Loan. Here's What Happened Next. Facebook Twitter Flipboard Email. Payday lenders made about 49 billion in high-interest loans last year.
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