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Just got this in the mail, are they for real?? Who would actually get this?!
Payday loan, something everyone should avoid. Even cash advance is better than payday loan.
I think I would cry if I ever had to take one of those loans out.
300% APR
OUCH! Borrow 700.00 repay 1632.82. OUCH!
At least there's a warning about taking it at the bottom of the paper
"For your information, this is a terrible idea, never take a payday loan ever"
Payday loans should be illegal under predatory lending practices.
@Duncanrr wrote:Payday loans should be illegal under predatory lending practices.
Payday loans are illegal in some states, but probably not enforced.
http://en.wikipedia.org/wiki/Payday_loans_in_the_United_States
Never thought that I would see anything that would make First Premier look good!!!