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Payday Loans | Interest and debt | Finance & Capital Markets | Khan Academy
How Payday lending works. Created by Sal Khan. Watch the next lesson: ...
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Some loans come with monthly repayments while others might come with bimonthly, weekly and even biweekly repayments. Since there’s more than one payment, three-month short-term loans don’t always face the same legal restrictions that you might find with payday loans due within 30 days.