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This is an unfortunate situation for those who have bad credit or no credit
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In addition, there is often a transaction fee or other fees that add to the total amount that must be repaid
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In this regard The reason this latter point is so important is that it is those less reputable pay day lenders who set out to exploit the people who use their services, which then leads to complaints that pay day loans are an inherently bad thing
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These are extremely short term loans that are designed to tide people over between paychecks or as emergency cash for automobile repairs or any number of immediate unexpected financial concerns
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