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Payday Loans: What are they and how are they affecting Blount County?

Friday, June 7, 2019
Shelby Harris | The Daily Times

You’ve seen them scattered along the outskirts of highways. It seems that around every corner, you’re bombarded with the opportunity to “get cash now!” And though the promise of instant funds is captivating, how wise is it to get that cash now?

Not very, according to statistics.

Payday loans, as they’re commonly referred to, are less about receiving money instantly and more about the heaps of interest piled atop the instant cash.

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