BBB: Understand the risks before turning to payday loans

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ST. LOUIS, Mo. – Millions of Americans are struggling to pay their bills. Some consumers look to payday loans to tide them over. But if those loans are not approached with caution they can snowball into a debt obligation of their own with high-interest rates and high-pressure collection tactics. The Better Business Bureau advises consumers to understand the risks before borrowing.

For assistance, go to bbb.org.

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