Why Payday Advances and Payday Loans Are Incredibly Bad. Just Just Exactly How Pay Day Loans Work
Corbis / Getty Images
Ads for payday advances make them appear to be a fast, easy, no-nonsense method to get money whenever you’re in a bind that is financial. They inform you getting $100 is really as simple as showing a current pay stub, a duplicate of one's driver’s permit, and a blank check. They don’t inform you that for most people, paying down that $100 can find yourself months that are taking also years, and costing 1000s of dollars. (more…)
