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What does an average 300 pay day loan end up costing?

Answer:
pay day loans can become very costly if left unpaid back and should only ever be used as a short term solution not a long term one. they tend to have very high interest rates plus fees of upto $17 per $100 so a $300 loan could cost over $600 over a month with around 200% intrest.
First answer by Answers Publishing Network. Last edit by Answers Publishing Network. Contributor trust: 102 [recommend contributor recommended]. Question popularity: 1 [recommend question].

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