Posted on
November 6, 2007
at
2:30 pm
Hi,I've been thinking about getting a payday loan, but some friends tell me it might get me into deeper debt. I'm a little worried because I have an immediate need for funds and am pretty confident that I will be able to keep up with the payments. I'm still banking on getting feedback from those of you who had actually dealt with payday loans or have friends and family who have tried them. My salary comes regularly so I don't think I'll have a problem with payment delays. I really need your advice. Thank you so much!
Posted on
November 6, 2007
at
2:30 pm
My advice would be to NEVER consider this alternative. Payday Loans are a dangerous trap that are very hard to get out of. In a lot of states they are ILLEGAL. Most of them carry an interest rate of at least 390 percent so STAY AWAY.
Posted on
December 3, 2007
at
12:46 am
Pay day loan is terrible. Stay away from it. This type of loan have very high interest rate, even can be up to almost 100% of the loan you apply for. Better don't put yourself in the trouble.
Posted on
December 3, 2007
at
3:59 am
of ypu are just tpo rely on your pay check then i would never try to get into this jind of loan.. You will never know when emergency use of cash will happen. So it is a not a reliable source of fund to pay the loan.
Posted on
March 24, 2009
at
10:54 pm
Payday loans should be outlawed. Would be better to apply for another zero interest credit card and then use that for your emergency and then pay that off over time. You never know what kind of trouble you'll get into with the payday loan. Best of luck with your situation.
