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Need Advice On Payday Loans


neophyteblogger
Rep Points: 5
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!

mommy2007
Rep Points: 20
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.

Jerlene
Rep Points: 1605
Payday loans are horrible. The rates increase all the time and sometimes, while you're getting the loan.
It's gotten so bad here, they shut every Payday Loan Office down.

whitemusk
Rep Points: 280
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.

surfville
Rep Points: 270
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.