Nelson-Pallmeyer’s advice for folks in an economic bind: « Do certainly not simply just take a payday loan out. »

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Analysis suggests that 4 in 10 US adults do not have the cash to cover an abrupt, unforeseen cost of simply a few hundred bucks — like an automobile fix. The perfect solution is can be a cash advance. Which is a high priced solution to borrow cash, because yearly interest levels can achieve a few hundred %. Plus »