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Some credit unions are now coming up with short-term loan programs to siphon business away from the payday lenders.
For a $1,048 loan, a Virginia title lender could charge interest of about $216.
If approved via our online application process, we transfer the money to your account via Faster Payments, normally landing in your account within the hour if you
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The FCA found that online payday loans led to higher rates of bank overdraft and delinquencies on other loans.
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