If you are like most throughout the United Kingdom, you have most likely heard an appreciable amount of bad press concerning what are known as “payday” loans. These financial vehicles vehicle are often touted as lacking transparency while the companies that promote them have been called unscrupulous. Is there any validity to these claims, or are they completely unfounded? The answer will depend on a number of variables and to appreciate the benefits and drawbacks of a payday loan, it is first necessary to take a look at some of the factors to consider.
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