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I Applied For An Online Payday Loan. Here's What Happened Next. I Applied For An Online Payday Loan. Here's What Happened Next. Facebook Twitter Flipboard Email. Payday lenders made about 49 billion in high-interest loans last year. More than a third of those loans were made online. I wondered what happens when you apply for such a loan, so I decided to find out.
In the course of reporting a story earlier this year, I logged on to a site called eTaxLoan.
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