pay day loans - they are little, short-term loans often called payday loans.

Payday Loans And Debt Traps

STACEY VANEK SMITH, HOST:

Pay day loans - they are little, short-term loans often called payday loans. They are fabled for having interest that is really high, like 300 to 400 % in some instances.

CARDIFF GARCIA, HOST:

Payday loan providers are...

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