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A payday loan is a high-interest, Tennessee short-term loan that is used to cover urgent expenses. You can use it to pay for a car repair, medical bill or other emergency expense. The process is simple, NE and you can often receive the funds within a few hours or the next day.

Payday loans are a type of short-term loan

Payday loans are a type of short-term loan that is typically due on your next Payday Loans Brownsville. They are advertised as a quick source of cash, but they come with high interest rates and fees that can trap consumers in a cycle of debt. Many lenders also operate in states with few consumer protections and rely on repeat customers.

Most people who take out payday loans are not wealthy, but they are struggling to make ends meet. They might need money to cover an emergency expense or prevent utility shut offs.

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