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Payday loans warning
08 December 2008
With Christmas around the corner people are being warned against using 'quick fix' loans that are charging large amounts of interest.
Some APRs for 'payday' loans are almost 10,000%, it has been reported.
Payday loans are usually used to help people out before they get paid, however the high interest rates can be very costly if the loan is not paid back promptly.
