Sasha T.
I was recently in a situation where I…
I was recently in a situation where I needed a payday loan to pay my bills, and I wasn't sure what exactly I was getting into. The terms were pretty straightforward: I was borrowing $500 for one week at an interest rate of 15%. So when the day came to pay back the loan, I went to the bank and withdrew $515. They then took out the extra $15 as interest on top of that amount.
Response from ASAP FinanceJun 29, 2022
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