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In that case, it is necessary to \"roll over\" the credit for payday loans bad credit ok two weeks by paying of the fee again. For some borrowers who live paycheck to paycheck, this could turn in a vicious cycle that turns financing of hundreds in to a debt of thousands. The industry targets military personnel simply because they have steady paychecks and so are more likely to repay than civilians in the same ome group. As a rule, enlisted personnel usually are not well paid, and so the likelihood that they can will require such loans is better than average. Furthermore, many individuals soldiers are relatively young those who might not fully grasp the ramifications of borrowing money at rates of interest that exceed 400% per year. Military officials are concerned about the problem, which negatively affects military preparedness. Soldiers that are preoccupied with their financial woes are not as likely to be ready to face their primary duties, which is to protect us with time of war. While some states, for example Arizona, are wanting to curtail the prevalence of payday loan stores near military bases, payday loans bad credit ok the overall pro-business stance in the current administn suggests that a nationwide attack with this problem is not forthcoming. While the prolifen of yellow ribbons on cars suggests that most Americans support their troops, it could appear that this quick cash industry does not.


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