2006-08-22 16:46:37 · 6 answers · asked by michelle p 2 in Business & Finance ➔ Personal Finance
Payday loans are only a good idea if you need cash for a genuine emergency and you can be SURE to pay the money back when you get paid. Otherwise you can fall into a debt trap and make matters much worse.
This website has a lot of advice and information. Think carefully and do your own research.
Good luck!
2006-08-24 11:29:43 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I know to stay away from online payday loans. If you just have to have a payday loan ( I would never recommend doing this unless it is a dire emergency), at least go in person- not online.
2006-08-22 17:15:35 · answer #2 · answered by RY 5 · 0⤊ 0⤋
Payday loans will cost you a lot of money in the end, online or not. You're better off borrowing money from family or friends.
2006-08-22 16:49:27 · answer #3 · answered by KyLeth 4 · 0⤊ 0⤋
Don't do it.....you'll be sorry if you do unless its from a reputable company and most of these outfits tend to be a bit on the shady side - just close enough that they aren't breaking any laws. Look at what their annual percentage rate would be and how much you have to pay back. Then read the real fine print. You'd be better off going to Louie the Loan Shark on the streetcorner and borrowing it from him.
2006-08-22 16:54:12 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Please do not seek out payday loans, the interest in crazy high! and they are ruthless in collecting funds... I have had client break down and cry because of the financial state they were in because of the interest rates. And the inability to pay these companies, and of corse they still try and try charging overdraft fees.
2006-08-22 17:19:13 · answer #5 · answered by Jen 3 · 1⤊ 0⤋
Read some tips on finance mortgage loans and more on this site
2006-08-22 16:51:53 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Unfortunate.
2006-08-22 16:52:06 · answer #7 · answered by Cocos K 2 · 1⤊ 0⤋
I found some good info here.
2006-08-22 19:34:13 · answer #8 · answered by Anonymous · 0⤊ 0⤋