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Total amount repayable is ВЈ257.99 (ВЈ57.99 interest and ВЈ3 transmission charge). If you express the typical charges payday lenders make as APRs most work out as over 1,000%. This is a useful warning against what can be dangerous products, but these APRs are mostly meaningless. That's because if you borrow over a very short term, even a small fee can become an astronomical APR. Q: What options do I have in fast student loans no credit?
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