The Risks Of Pay Day Loans
While payday advances may seem convenient, they come with several potential perils.
They cost way too much: The costs that come with pay day loans are high. The Federal Trade Commission said so it’s perhaps not uncommon for loan providers to charge $15 or even more for each $100 you borrow. You’d pay $75 if you borrow $500.
Rollover charges: if your date that is due arrives your loan provider might provide you with the opportunity to rollover your loan until your following payday. (daha&helliip;)