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Most payday cash advance lenders will assign a 14 to 31 day time period to the loan. If someone is worried about the repayment time limits, he or she should not worry excessive as many payday loan lenders do offer a roll-over facility where the repayment term can easily be extended. Individuals should note though that should they choose to extend the repayment term they’d most likely encounter additional payday cash advance charges.
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The actuality is always that many of these borrowers cannot repay on time and in addition they are forced to pay the interest and take out another loan to hide the principle. And they pay dearly for this. Currently the average borrower in South Carolina takes 10-15 loans to payoff their original loan amount.
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