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2. What is a payday lender? What are its pros and cons?

1 Answer

2 votes

Answer:

A company that lends customers small amounts of money at high interest rates, on the agreement that the loan will be repaid when the borrower receives their next paycheck.

Proof of a regular source of income, like a steady job, or recurring payment source

A checking account

A valid government issued form of identification, usually a driver’s license or passport

Step-by-step explanation:

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