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No doubt you’ve seen television commercials advertising payday loans. For this discussion, I want you to summarize payday lending using a single word. Then, in a brief paragraph, explain your word choice. Answer in your own words. Thank you :))

A payday loan is a short-term loan that can help you cover immediate cash needs until you get your next paycheck. These small-dollar, high-cost loans usually charge triple-digit annual percentage rates (APRs), and payments are typically due within two weeks—or close to your next payday

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BRAINLIEST REWARD!!!!!! No doubt you’ve seen television commercials advertising payday loans. For this discussion, I want you to summarize payday lending using a single word. Then, in a brief paragraph, explain your word choice. Answer in your own words. Thank you :))

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BRAINLIEST REWARD!!!!!!
No doubt you’ve seen television commercials advertising payday loans. For this discussion, I want you to summarize payday lending using a single word. Then, in a brief paragraph, explain your word choice. Answer in your own words. Thank you :))