Payday Loans – Helpful Tool, Or A High Risk Cash Advance?
What is it about payday loans that people can’t resist? I know everyone likes money, but you like to stay out of debt, don’t you? Well payday loans will get you into debt before you can say “hibberty-jibbery”. Even bad credit payday loans can interrupt your finances far beyond any point of no return.
Payday advance loans get you up to $1000 within 24 hours. Ok. Got it. You like cash. But guess what. A week later you owe $600. How?
- Quick payday loans charge you a certain fee per dollar amount, usually $20 per $100 borrowed.
- For a $500 you will pay $20 X 5, or $100, meaning your repayment becomes $600.
Thats a $100 charge for …