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Many are due in two to four weeks from the time the original loan is created, but could be prolonged a number of times, so long as well-timed payment is created
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The loan is granted by the customer selling a dollar amount of future debit or credit card transaction sales at a discount to the loan provider
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An individual can apply for an instant cash payday loan up to USD 1,500
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The borrower who continuously extends the loan may be trapped in a seemingly endless cycle of an ever-increasing loan balance with the inability to pay it off
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