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Fees: $15 to $30 per $100 borrowed Payday loan companies, though they may lay traps for you, have a credit licence (check at the FCA Consumer Credit Register ). So if things go wrong, you have some limited room for recourse. But loan sharks are a completely different beast. They're unlicensed, they break the law, often go knocking door-to-door and at worst use they horrific methods - including violence and threats of violence against the borrower or their family or children - to get their money repaid. 18 years of age or older Leave a Reply Cancel reply
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