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Pitfalls for Payday and Auto-title Loans. Payday advances, which can be short-term, small-dollar loans needing a one-time payoff at the borrower’s next payday, are able to turn from convenient to catastrophic quick.

Pitfalls for Payday and Auto-title Loans. Payday advances, which can be short-term, small-dollar loans needing a one-time payoff at the borrower’s next payday, are able to turn from convenient to catastrophic quick. “These loans look in a pinch, but know that a...