Before you apply for a loan there are a few things that you should know. Apart from the terms and features of a loan, understanding the complete measure of a loan's cost is important. Payday loan are expensive way to borrow. Since these short term loans are designed to only tide over until your next payday, you should take repayment seriously. Besides, all loans have an agreed upon due date. If you fail to repay by the due date, late fees or other fees may apply. So, ahead of taking a decision make sure that you go though the loan agreement thoroughly to know exactly how much a payday loan is going to cost you.

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