Money Tracker Forums > Feature requests > Payday Loans

Thread: Payday Loans

PostPayday Loans
Posted by neophyteblogger 11 years ago (22 Aug 2007)
I was wondering if we can do a feature on the basics of payday loans. I've always been curious about it and would actually want to try it out (poor funding sources lately...). I've been reading up on it on some sites, like www.nationalpayday.com, which I believe offers Payday Loans; but I'd like to have the advice of those who have tried it, or know someone who already has. Any recommendations?

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PostPayday Loans
Posted by gimboid13 11 years ago (22 Aug 2007)
OK well assuming this is not just some bizarre form of spam, let's look at the basics of payday loans. This particular lowlife, www.nationalpayday.com, offers loans at an annual interest rate of up to 1300% according to their own FAQ. Do you need to know any more? Credit card interest rates look like Santa Claus by comparison.

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PostPayday Loans
Posted by enlilninlil 11 years ago (24 Aug 2007)
This is like the sub-prime real estate in the U.S.

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PostPayday Loans
Posted by gimboid13 11 years ago (20 Dec 2007)
Seriously, the only 'solution' any of these kinds of sharks offer is to rapidly get yourself into serious spiralling debt. Don't even think about it.

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