Short term loans

Far be it for me to pick on anyone, but....................these short term or "payday" loans are a disaster. Have you ever read the terms?

Here is a sample. 99% interest. 99%? Seriously? You are paying back almost double what you borrowed. That is absolutely ridiculous.

If you need a loan, and you have no other options, I understand the need for this. However, try to get money through almost any other way before you take out one of these loans. You will fall behind quickly.

Comments

[Drew Johnson]

I agree, those payday loans are EVIL!!! After using one I feel so far behind on my other bill payments that I finally broke down and enlisted the service of a debt relief company, called creditsolutions.com. I get a good feeling from my initial talk with their representative, so hopefully it turns out well.