Payday loans are short-term loans that can carry high costs and may be regulated differently by each state.
Reviewed July 18, 2026 · 1 minute read
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Payday loans are short-term loans that can carry high costs and may be regulated differently by each state.
A payday loan is a short-term unsecured loan, often characterized by high interest rates. These loans are typically designed to cover immediate financial needs and are intended to be repaid on the borrower's next payday.
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