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Is it worth to take out pdls to make monthly loan payments?

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Is it worth to take out pdls to make monthly loan payments?




If you truly love your financial life, then you shouldn't borrow pdls to make monthly payments. Payday loans carry high interest rates. They are expensive. If you borrow a payday loan, then it will be difficult for you to repay it. So it's best to not take out pdls.

Sub: #1 posted on Thu, 12/19/2019 - 03:38

Nick Jonas Nick Jonas

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I would say yes, if you are confident that you can repay the amount with your next paycheck. But, it is better to fall into the pdl trap. Borrow the amount from your friend or relative, and make sure to pay it back as per your promise.

Sub: #2 posted on Fri, 12/20/2019 - 00:02

Mabelle Page Mabelle Page

(Posts: 293 | Credits: )

Yes, I agree with Nick Jonas. Don't fall prey to the payday loan debt trap. Most of the people who take out a payday loan end up rolling over their payday loans due to its exorbitant interest rates. The best option for you can be opting for debt consolidation! You can approach a genuine debt relief company to consolidate your debts into single monthly payments and at reduced interest rates!

Sub: #3 posted on Fri, 12/20/2019 - 00:59

Craigh.terry Craigh.terry

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Go for PDL when you know you can repay it. Also, make sure payday loan lending is legal in your state.

Sub: #4 posted on Sat, 12/21/2019 - 04:08

Sanders Patricia Sanders Patricia

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No never! PDLs carry a huge rate of interest, way more than any conventional loan. So, if you take out payday loan to pay off monthly aloan installments, then you'll only increase your debts.

Sub: #5 posted on Tue, 12/24/2019 - 02:18

tiarajoseph11 tiarajoseph11

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