PUBLIC MARKS from Newspartnergroup with tag "costs of payday"

Payday lenders offer quick cash advances -- for a fee -- that customers are supposed to repay with their next paycheck. Borrowers who cannot repay the loan often "roll over" the loan repeatedly, leading to charges that quickly add up and a cycle of debt. Customers are drawn to the lenders because, unlike banks and credit unions, they don't run credit checks.