No. This is the highest possible interest rate on any type of loan and should be avoided if at all possible. Once you get caught in the cycle, there's typically no getting out, so it should be a very last resort.
NO. Once they have you, it is almost impossible to buy your way out of the loan. The interest rates are so outrageous it should be criminal.
The problem with a payday loan is that you believe you are just borrowing the money to tide you over until the next month. However because of the high interest rate you find yourself having to pay back on top of the original loan itself, when the next month comes around you probably need to borrow more money to tide you over until the next month. And so the vicious cycle begins.
No it is not a good idea. If you are struggling to make it paycheck to paycheck then something has to change. If you take a payday loan, that means next pay period, you are already starting at a disadvantage and will never catch up.
The interest on those loans is absolutely horrible as well. I would try to pare my budget down to almost nothing to avoid that payday loan.
Yes it is good, but make sure to be responsible. Get this loan only if you really need it. It entails a high interest rate, so it is not advisable to regularly take a payday loan. I suggest you go to http://quickloantoday.us if you are willing to know more about it.
by MomsTreasureChest 5 years ago
What is a payday loan?
by tdebrick 7 years ago
If you had $20 dollars to last you until the next paycheck what would you buy from the grocery store
by Rose Norton 4 years ago
How do i get a loan when i have payday loans
by Karina S. 8 years ago
Do you have good payday loan experience, you would like to share?
by payday100 7 years ago
Stuck between paychecks and need some extra finances? Whether it’s to get you through the week or the remainder of the month, getting a payday loan can be the quick and easy solution to all of your financial needs.Follow these 3 simple steps to ensure you are well on your way to getting the money...
by Sylvia64 12 months ago
I it one payday loan an I've had a problem come up with my bank an I am not able to pay the loan.I am willing to pay it just don't know if I should contact them it what. I just finalized chapter 7 Bankruptcy am I don't want this messing up my chances of fixing my credit.
Copyright © 2018 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|