You should really read up more about payday loans before considering one. They have a huge amount of pitfalls and you shouldn't be leaping into one quickly.

Very true. It is like financial suicide!

be careful about payday loans. Its like a disaster

You should read the latest issue of Business week. The guy who started the business is o.k. with the fact that it ends up being an APR of around 280%. Doesn't sound like a good choice to me...

nope doesnt add up for me either..payday loans and short term loans shouldn't be used pay off credit cards and other debts because they are a lot higher in interest rates

payday loans should NOT be used to pay off any sort of loans they are there as last resort to avoid some financial emergencies


one good application of a payday loan is to avoid multiple NFS fees if your account goes negative because your bank can charge you big NFS charges for each transaction...taking one payday loan with a fee of $20-$30 can help you avoid multiple NFS fees that could cost you more than $100

Are these loans that bad?

Payday locations trick potential borrowers by not revealing statistic, instead focusing on the loan fee. Payday loans are short term loans that require you to pay back the entire amount or be forced to take out another loan.

thanks for info

Do not use a payday loan. Bad terms, and even worse interest. Plus they don't work to rebuild your credit like a credit card.