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    3. Are Payday loans bad for you?
    Are Payday loans bad for you?

    i have heard of these loans and i am curious but not sure about trying one

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    +3  Views: 903 Answers: 9 Posted: 14 years ago
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      9 Answers

      yes. it becomes a game of catch up nd most people can never catch up.
      14 years ago. Rating: 10
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        I think they should be banned
        14 years ago. Rating: 10
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          I've heard they charge up to 800% interest. See a loan shark, much better rates.
          14 years ago. Rating: 8
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            In New Hampshire they have outlawed them. Too many people getting suckered into the neverending catchup game.
            14 years ago. Rating: 8
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              They are bad,high interest rates,my mom once got a payday loan,they put her check in on the wrong day and all of her checks bounced,it screwed her account up for a while,it took some time but she finally got it back together,they had to pay for her bounced check fees,but she learned a hard lesson,and never did another payday loan again.They just aren't trust worthy.
              14 years ago. Rating: 7
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                thanks. I wont bother then
                14 years ago. Rating: 6
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                  It's legalized loan sharking. So consumer beware, if you can't afford to buy it save up and get it later.
                  14 years ago. Rating: 4
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                    They are if you are an employer.
                    14 years ago. Rating: 4
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                      At 2800 per cent they are bad news
                      14 years ago. Rating: 1
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