Payday Loans

United States
October 7, 2007 9:21pm CST
What do you think about payday loans. They sure cost alot. It is a great option when you need it. But what if you can't pay it back. I would love some opinions on this subject!!
1 person likes this
1 response
@mamasan34 (6518)
• United States
8 Oct 07
I think that payday loans are not the best idea. The interest is too high, you always end up getting into a vicious cycle with those. I know many people, including myself that has fallen into that trap. You think you can pay it off and then you realize that you have to take another one out because that money is needed yet again. So, best not to get into that situation if at all possible.