There seems to be a lot of people recommending payday loans to people. While I definitely understand the need for cash right away, payday loans are not the answer. They will only hurt you more in the long run.
Think of payday loans as getting a bag of money from the mafia. They will easily give you as much as you want, but the interest rate will be extremely high. Say 25-80%. This is an unregulated industry in most states and the companies can change any rate they want.
Payday loans do have a lot of fees associated with them, and it is crucial to ... Never hesitate to inquire about payday loan interest rates. ... You should be well educated on the facts before deciding to take out a payday loan.
Around 12 million Americans take out payday loans each year, averaging eight loans of around $375 each ... A Game You'll Never Win: The Payday Loan Trap ...
The financial emergency that caused you to have to take out a payday loan is over. ... a little bit of money to make sure you never need to take out a loan again.