The Road To Ruin With Payday Loans (INFOGRAPHIC)
Posted November 17th, 2009
by PaydayLoans.org Staff (1 comment)
by PaydayLoans.org Staff (1 comment)
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Taking your first payday loan puts you in the fast lane of debt. This graphic shows how your life turns to ruin when you start using payday loans.
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Categories: Research and Data
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What people are saying:
Share Your ThoughtsPosted January 29th, 2010 by Tod at 9:45 pm -
What a joke. At least with a payday loan, the loan agreement tells me exactly what the cost is. If you bounce a check with a bank, the interest they charge can be as much as 1000%. The banks call it a service fee so it doesn’t show up as interest. The people that write about payday loans have never taken one. Want to help. Stop complaining about PDLs and go after Home Depot that said there was no interest for 6 months, and then charged me a $600 service fee on a $3000 loan for the six months. It was in the fine print. With a payday loan, I always knew what the scire was. No hidden agendas, no teasers, and I got the money fast when there was no where to go.