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Payday Loans Explained

12 million Americans take out payday loans every year, but there are still misconceptions about how they are actually used. Follow the story of Jennifer, a typical payday loan customer, who takes out a cash advance on her paycheck to make ends meet, but ends up paying more than $500 in fees. http://www.pewstates.org/research/featured-collections/payday-lending-in-america-85899405692.