Cash loan

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Revision as of 09:21, 16 August 2013 by Guaka (talk | contribs)

A cash loan is a short term loan, usually lasting less than month until the next payday. Taken over a year the interest rate is extremely high, though in some jurisdictions there are legal limits set to prevent usury - even within different states in the United States. The lender is carrying a heavy risk of the loan not being paid back.

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