payday loans are horrid.

Tweet

I would just like to give a major piece of advice here. No matter how broke you are between paydays - do not EVER get a payday loan. The companies charge you an arm and a leg in interest - more than any pawn shop would charge you, and even more than a loan shark would charge you. No, scratch that, they are borderline illegal loan sharks. They loan you money because they see you as a fool, and not someone they can help out. Trust me, I know this because I fell into the payday loan trap a year ago, and now I feel like an idiot. I mean I ended up in the trap, they would basically charge you your entire paycheck to borrow money. And then you pay it back, and then what?? Then you are stuck in the trap .. So do yourself a favour, if you ever find yourself broke - do not go the pay day loan route. Borrow money from a friend, go try to work someplace else...just don't go the payday loan route.