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- Check the lender's APR carefully before you borrow a loan.
- Understand the loan agreement thoroughly before signing anything.
Keep in mind that payday loans should be used as a last resort. Borrow only what you need and make sure you can afford the loan on time to avoid additional fees.
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* Pay close thought to the interest rates and fees.
* Develop a financial strategy to ensure you can repay the loan on time.
* Consider all your alternatives before choosing a payday loan.
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