Rayne Posted March 2, 2019 Share Posted March 2, 2019 What do you think about them, are they really so bad as it's often said? Would you apply for the one? Quote Link to comment Share on other sites More sharing options...
Captain Karnage Posted March 2, 2019 Share Posted March 2, 2019 DON'T PUT YOURSELF IN DEBT Quote Link to comment Share on other sites More sharing options...
Rezzy Posted March 2, 2019 Share Posted March 2, 2019 It's an option, if you have no other choice, but it's not a good idea to make them a common option. Quote Link to comment Share on other sites More sharing options...
Johann Posted March 3, 2019 Share Posted March 3, 2019 (edited) They're effectively a scam, the interest rates are so absurd that most people dig themselves deeper. I would never take one. Worth watching: Edited March 3, 2019 by Johann Quote Link to comment Share on other sites More sharing options...
Kivan Posted March 4, 2019 Share Posted March 4, 2019 Payday loans aren't so bad in fact as it's often said, they're just a type of short-term financial help which can be a good solution for your problems and a nice alternative instead of opening a credit, especially if you have a bad credit history. It's truth that they very high fees but it's a problem only for those who can't meet the repayment terms. They have also such risks as getting deeper in debts as an aftermarth of getting the additional fees and gaining bad credit scores which later can become a problem when you want to apply for the credit line. Considering all these things if you want to use payday loans decide clearly what certain amount of money you need and is you can repay it in time. If you're not sure about this, maybe it's better to find other ways of borrowing money. On the other hand applying for these loans is really fast and easy https://paydayloan.network/easy-loans.html , you can finish your application form after half an hour and get your cash almost immediately. And for such companies your bad credit history doesn't matter at all comparing to banks. Quote Link to comment Share on other sites More sharing options...
eclipse Posted March 14, 2019 Share Posted March 14, 2019 Hell no. Have you looked at the interest rates? Quote Link to comment Share on other sites More sharing options...
The_antithesis Posted April 4, 2019 Share Posted April 4, 2019 As a general rule, no. They are often scams. If you need to take a loan on such short notice, you'll probably need another loan to pay back the initial loan after your paycheck minus the loan falls short of your needs, and another one to pay off that loan... Rinse and repeat until you either go bankrupt or pay the loan company thousands to finally get out of debt. Often it's better to try and save money or even sell things. That said, you should also be careful of applying general rules universally. If you can't cough up the money for your basic needs due to an unexpected expense, you can't sell your stuff quickly enough to pay on time, and you have a viable way of paying the loan back, a payday loan can be the least bad option. Quote Link to comment Share on other sites More sharing options...
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