Wells Fargo has entered the payday loan business and the bank is now one of many taking such action. Bank of America, Wachovia and JP Morgan Chase are a few of the other big name banks to enter the payday loan business along with Wells Fargo.
What is a payday loan?
A payday loan is a way of obtaining a short term cash advance, generally ranging in amount from a low of $300 to a high of $1,500 to cover unexpected bills when you run short of cash. A payday loan is an unse...
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