[24] This perpetuates the cycle of credit card debt as payday lenders usually tend to resort to payday loans once again after They may be charged with the exact recurring expenditure in the following several months.[24]
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In the UK Sarah-Jayne Clifton from the Jubilee Personal debt Marketing campaign explained, "austerity, reduced wages, and insecure operate are driving individuals to tackle high cost credit card debt from rip-off lenders just to place food items around the table.
They will often be due in entire by your subsequent payday, creating them A brief Remedy for fast expenditures.
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