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You have seen the emails on a regular basis.
Basically the wording pertains to a quick and easy way to
get a cash advance or a payday loan.
How do these work?
Basically you would write a personal check to a lender for the
amount of loan you wish to borrow plus a fee. The fees charged
are usually based upon a percentage of the face value of the check
or the fee is charged for the amount borrowed.
Let’s face it - a payday loan secured with a personal check turns out to be very expensive credit.
For more information..
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