It can seem like you haven’t got any friends in the world. Read this article to see if this is the best option for you.
If you are thinking about taking out a payday loan, you need to be aware of the high interest rates that you will be paying. In most cases, the effective APR will be hundreds of percent. Due to the way they structure their loans, lenders who offer payday loans have managed to exempt themselves from the usury laws that might normally prohibit this kind of interest.
If you’re taking out a payday loan, be sure to subtract the full amount of the loan from your next paycheck. Not understanding this before you take out a never-ending payday loan can be detrimental to … Read the rest