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That is when the pay-day loan becomes a real lifesaver! What Sort Of Pay-Day Loan Works Payday loan are little, short term loans furnished by lenders who charge a set, 1 time fee. The loans granted are generally around $500 -$1,500. Unlike regular long term credit loans, the size of the pay day loan is short - sometimes till your following payday, or around 30 days - thoughsome lending firms are much more flexible about this, based on their lending policy.
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