Has anyone ever tried those PAY DAY LOANS??

Question

I wanted to get more info about it from "real" people trying it. Please give me your feedback on the process and the terms.

thanks!

Answer 1

the high interest rates border on the illegal. they also get your social security number which they can sell. you get ID theft problems and only a portion of your hard earned money.

Answer 2

Don't do it!  The rates are very high and if you do not pay them off, you will end up owing more in interest than you originally borrowed.

Answer 3

Why do you need to hear from "real" people who have had the misfortune to need payday loans?  A simple check of the astronomical interest rates would convince any sane person to avoid them like the plague.  It's the absolute last place you should be thinking about applying for a loan.  I can understand how desperate people might use them as a last resort, but I hope you are in better financial condition than that.

Answer 4

if you are willing to pay 400% to 500% interest rate, by all mean do it!!

Answer 5

Pay Day Loans are a rip off, extremely high interest rates.  Stay Away From Them!!!

Answer 6

There are too many horror stories associated with these places.  Don't do it.