ostephanie10orut1l
ostephanie10orut1l ostephanie10orut1l
  • 09-12-2019
  • Social Studies
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2. What is a payday lender? What are its pros and cons?

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aalsina068
aalsina068 aalsina068
  • 09-12-2019

Answer:

A company that lends customers small amounts of money at high interest rates, on the agreement that the loan will be repaid when the borrower receives their next paycheck.

Proof of a regular source of income, like a steady job, or recurring payment source

A checking account

A valid government issued form of identification, usually a driver’s license or passport

Explanation:

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