3 Comments

1. NunyaBidNess says:
   April 9, 2010 at 8:00 am

   They are just like their brick and mortar counterparts.

   Their charge usurious interest rates to the people that can least afford it. Avoid them at all costs
2. anpadh says:
   April 9, 2010 at 8:48 am

   Unless you have lots and LOTS of money, it really isn’t worth it. Let’s say you make $1,000 every week. You should never borrow more than $100 because when you re-pay, in 2 weeks, you will have to pay $200. If you make $1,000 per week, then, in 2 weeks, you have $2,000 and though paying $200 may still be a hardship, it is possible. But if you borrow $1,000 you have to repay $2,000 after 2 weeks. That means you are going to have to give up every penny of the next two weeks paycheques. That is impossible. So, you end up making 40 or 50 smaller payments, paying $15,000 or $20,000 for that $1,000 loan over 18 to 24 months. It simply isn’t worth it!
3. spaethg0 says:
   April 9, 2010 at 9:07 am

   Keep far away from these…