Many people take out a Pay Day Loan to raise cash for unexpected expenses, to start a home-based business, or even to buy holiday gifts. The interest rates of these loans can border on Usury!
Have you taken out a pay day loan? What was your experience- good, bad, or ugly? Did it help, or did it just get you deeper into debt? Post your thoughts here!
2 comments:
My experience with payday loans have been ok. The only thing is the amount you have to pay back is alot more. But if your in a pinch you can't complain
I can see where some people may think that this would be helpful, but my feeling has been that if I don't have it now, I probably won't have it in a couple of weeks either.
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