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At the insane interest rates… THEY ARE RIP OFFS!!!
Get out of debt, not further into debt.
Payday Loans = Costly Cash … Check out the website below from the Federal Trade Commission….
Please I implore you, if you need cash badly, go to a friend, family member or something other than payday loans. Trust me when I say this, my husband and I got caught in this trap and we are still fighting our way out. I know it is easy to get, and you think oh well this is great, I can get more money, and then when the time comes to pay it off, you pay ALOT ALOT ALOT of interest!!!! They are loan sharks in disguise!!!!!! It is a violation of yahoo policy to post a link here, but if you will click on my avatar, there is a link to a website that may be able to help you! It is people to people lending, and it is a legit site. It is called Prosper. Please head my warning, DO NOT go through with a payday loan, it will be a mistake you will not be willing to make ever again.
Generally only people with bad credit use payday loans. If you are having credit problems you should check out the solutions at http://www.your-credit-solution.com .
I found interesting information about your answer & options here. http://all-debt-consolidation-loan.blogspot.com/2007/08/payday-loans.htmlGood luck!