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Payday loans are small-dollar, extremely high-cost loans. RISE offers quick, online cash options where to get online payday loan financial emergencies and more. Youve heard about online payday loans but youre not sure how they work.
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Nov 2013. Payday lenders made about $49 billion in high-interest loans last year. Apr 2015. Sky-high rates charged on payday loans arent the only worry for cash-strapped consumers.
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More than a third of those loans were made online.