What is a payday loan? | Consumer Financial Protection Bureau
Payday loans are short-term, high-cost financial products typically due within two to four weeks, often featuring annual percentage rates (APR) of approximately 400%. The "top-up" or rollover process often traps borrowers in a cycle of debt, with costs exceeding the original principal. For more information on how payday loans work, visit Experian . .paydaytopup.com/
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