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How To Prevent Yourself  From Being Ripped Off By  Payday Lenders


1. Avoid borrowing from  payday lenders that charge high interest - Anything above $10 per $100 borrowed is high in the author's personal opinion

 

2. Be sure to pay off any outstanding loan by the due date .Failure to pay off your outstanding loan may enslave you to the  lending companies, as they continuously feed fat from the fees that you must pay in order to renew your loan

 3. Borrow only the amount that you can conviniently pay off by the due date.