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The utilization of online paycheck advances is on the rise. According to a survey conducted by the Consumer Financial Protection Bureau, roughly 12 million Americans utilize payday loans each year, with a important portion of those being online advances. Moreover, research indicate that debtors typically rely on these funds to cowl fundamental dwelling bills, with practically 70% of individuals using advances to pay for necessities corresponding to housing and meals. The consequences of borrowing, however, are also striking |
