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Article explains how payday loans work. The story talks about people who needed some quick cash from a payday loan center, but then regretted it later when they had to pay annual interest rates reaching anywhere from 200 to 500 percent. According to the article, "...payday loans--so-called because they typically must be retired by the next payday--have become one of the fastest-growing financial products aimed at U.S. consumers."
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