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For example, if the loans borrower has a credit limit of $10,000 but only borrows $1,000, they will only pay interest on the $1,000 that they borrowed. And sometimes, doorstep lenders use pressure tactics to try and get you to take out a loan, even if it's not a good idea for you. This can be especially useful for those who may not have the waynesburg funds to repay a payday loan in a single lump sum.

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