If you get a payday loan and fail to pay it back on time the fee is usually minimal; therefore it is better to get this type of loan versus others.

Name: If you get a payday loan and fail to pay it back on time the fee is usually minimal; therefore it is better to get this type of loan versus others.
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Payday loans often come with very high fees and interest rates, making them more expensive than other types of loans if not paid back on time.

If You Get a Payday Loan and Fail to Pay