by : Dale

I would like to set the record straight about Payday Loans in general, Online or physical, yes some but not all Payday Comapanies do charge higher interest rates on their loans. You have to look at companies that are at higher risk of lending out money and NOT, I said Not getting back the money they have lended out. So don't look at it as if the payday companies are ripping you off. If you are a smart borrower only borrow what you need, not what you WANT. You will be able to pay back the loan and the fees in the time frame you need it, but you must know for sure that you will be able to PAY BACK THE LOANS AND FEES. In you can't then payday loans are not for you. Everyday people abuse payday loans for many reasons they shouldn't, and that is one of the reasons why payday companies charge so much on the payday loans, because more then half of the people borrowing the loans do not pay them back. I would like to explain what payday loans are for people who don't understands.

Payday Loans or Advance:

Payday loans are temporary loans that you borrow against your paycheck.
For Example:

Sally's car broken down on her on Monday March 7 she needs to fix her car quickly to get to and from work. She will not be paid until March 14 a week from monday, but she need her car fix now so gets a payday loan until her next PAYDAY, meaning come payday she will be able to pay back the loan and fees.

I Hope this has been helpful. And its OK to apply for payday loans

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