7 Myths About Payday Loans by Personal Money Store

Here is a well designed infographic produced by the people at the Personal Money Store that debunks a bunch of common myths about payday loans which sometimes get a really bad reputation. Some of the myths mentioned in the piece are “payday loans are expensive and accrue high annual interest rates” and “payday loans result to a cycle of debt”.

7 Myths About Payday Loans by Personal Money Store

Infographic by Personal Money Store

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