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Info on Payday loans?



Ive been reading horror stories online for an hour.

So say I get a loan for $200. Ill owe $50 in fees, and out of my next check I just have to pay back the $250, right? As long as Im certain I can pay it back in full and still have enough left over to live off of and don't listen to there ploy to get me to continue the loan Im not going to enter a debt spiral, correct?

yes, you are perfectly right, you need to pay $250 only Source(s): http://get-out-of-the-debt-trap.com/cate...
If you have any other options, including doing without, that is what I would advise. These places are nothing more than legalized loansharks that prey on low income or desperate people.
You're right. But if you had been responsible enough to pay back a loan and not get caught in an endless cycle of debt, would you even need to be considering dealing with a place like this?

Stay away from these places, they are a step above real loan sharks.
Lots of info here.
http://payday-loans.jims-info.com/...
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