payday loan just despicable

United States
July 23, 2009 4:22pm CST
Have you ever visited one of those payday loan office to borrow money from them? They will be more than happy to serve you, and they will charge you sky hight interest rate from the money you borrow from them. The worst case, I read from a newspaper once, they charge over some hundred percent of interest. They are just despicable; more like adding gasoline to the fire, due to the recent economic difficulty for everyone. Moreover, those payday loan offices are expanding exponentially nationwide. I just don't understand why those congressmen allow this sort of practice. Letting those payday loan charging such high interest to people. It just don't feel right.
1 response
@maezee (31010)
• United States
24 Jul 09
I have never gotten a pay day loan, but I've heard bad things about them, like you said. They DO charge an amazingly high interest rate. I would just stay away from them..