Simplify Your Daily Finances
Pay Day Loans. Not Smart.
March 02, 2016
Millions of Americans turn to payday loans each year only to find that they can be a very costly way to get quick cash. No matter what they’re called – payday loans, cash advance loans, or deferred deposit loans –people end up facing fees that translate to interest rates ranging from 200% to more than 500%.
And many people end up paying more in fees than the initial amount of the loan itself. Watch the video below to learn more reasons why payday loans may not be the smartest option financially.