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Payday loans have become the face of predatory lending in America for one reason: The average interest rate on the average payday loan is 391%. And that's if you pay it back in two weeks! If you can't repay the loans – and the Consumer Financial Protection Bureau says 80% of payday loans don't get paid back in two 

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Apr 5, 2018 More than 12 million Americans take out payday loans every year, and a significant number of these advances go into default. Find out the best way to handle Payday Loan debt!