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When you go through the programmed advertisements that surround this short article, remember that the Buyer Federation of America (CFA) has long recommended consumers to exercise extreme caution when using Internet payday loan web-sites, where loans due from the next payday, can cost up to $30 per $100 borrowed and debtors generally encounter yearly interest levels (APRs) of 650%.
FTC Approves Final Consent Order in Matters of CashPro, American Cash Market, Inc., and Anderson Payday Loans – 06/06/2008
In accordance with a CFA questionnaire of one hundred Internet payday loan sites, modest loans involving electronic use of consumers' examining accounts pose high pitfalls to consumers who borrow money by transmitting individual financial info via the Internet.

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