Advice On Payday loans

[Shimmy24]

I'm In bit of a not figuring out whether or not to take up a payday loan due to struggling financially is it worth doing is would I just be making things worst for my self ??

[Singuy]

I'm In bit of a not figuring out whether or not to take up a payday loan due to struggling financially is it worth doing is would I just be making things worst for my self ??

Payday loans have a lot of fees associated with them on top of high interest rates. It is not uncommon to see your true interest be in the ball park of 200-300%.

Perhaps you should look into Lendingclub. Their interest rates are more reasonable than payday loans. Be sure that your mindset is you will not default on your loans because not only will it tank your credit, you are also screwing crowd funding investors.

[dczech09]

What kind of financial struggles are you dealing with? Possibly we can help you get on a plan.

Payday loans are terrible and you will likely find yourself in even more trouble if you go to them for a loan. Payday loans are something that you go into when your back is against the wall and there is ABSOLUTELY nothing else that you can do... and even then you should think long and hard before succumbing to the payday loan.

I would recommend going to P2P lending, a credit card, or a family member/friend for help before going to a payday lender. And trust me, that is saying something!

[creditcardfree]

NEVER use a payday lender. You would be much better off selling things, getting a second job, moving lawns, or negotiating the debt and your ability to make payments before you should ever go to a pay day lender who puts you into a vicious cycle that is very hard to get out.