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Payday loans have suffered a huge amount of criticism but they are now strictly regulated. These new rules mean that lenders cannot charge too much and they cannot lend unless the borrower can show they can afford the repayment. So, payday loans no longer represent a danger to borrowers. However, as with all credit you need to stick to your side of the agreement. Our video explains payday loans in more depth.

You can read the text of the video here.

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