Payday Loans – A Bad Type Of Loan?
Payday Loans – A Bad Type Of Loan? The number of people using payday loans has greatly increased in the last year. Despite this, the payday loan industry has come under attack from a variety of different organizations. They have been criticized for charging high interest rates and putting people who are often already low income further into debt. In this article I will discuss payday loans, and why it is best to avoid them unless you absolutely have to use them. No Credit History? Many people who use payday loans are unable to get cash advances from traditional banks....