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The actuality is that many of these borrowers cannot repay on time and they also are forced to pay the eye and take out another loan to cover the principle. Plus they pay dearly for this. Currently the average borrower in South Carolina takes 10-15 loans to payoff their original loan amount.
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But the question that begs to become answered is this fact: Do payday cash advance companies give a legitimate service that folks actually need or is he merely preying upon people who have nowhere left to turn for credit options?In most cases, a payday cash advance place charges roughly $15-20 on every $100 you borrow and asks how the money be repaid by 50 % weeks or less.
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