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Compare With Traditional Loans. These days getting loans over internet have become a very easy task. There are so many lending organizations in the market offering payday loan services. Eligibility requirements for these loans are very simple and almost every one can get approval. Easy availability is not the only feature 

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May 5, 2014 researchers examined the payday loan business model, the locations of payday lenders, and the borrowers – who they are and their financial welfare after using a payday loan. In comparison, research and hard data on the economics of payday lending are lacking, making it difficult for regulators to justify