Why are PayDay Loans so popular? Because it's still a tough economy. 10's of millions of people are still unemployed or under employed. Many lost good paying jobs when the Great Recession hit or as it dragged on. If you rent is due or you need to buy food for your kids, these short term lenders can seem very appealing.
But Beware!
It's a financial trap!
Never take a PayDay Loan. The interest rates are outrageously high. And with all the interest you have to pay, they just put you even further behind financially. Sure, a PayDay Loan may get you through this week. But next week, you’ll owe all the money you borrowed plus the interest.
Avoiding the PayDay Loan Trap
How do you avoid this trap?
Making money online is your answer to a PayDay Loan.
Making money this way can get you through the tough times. Even an extra $100 or $200 a month may help with the rent. It could help with the groceries. You could save this extra money when possible, and then you'll have it for a rainy day.
The money you make online can earn interest in the bank. That's a lot better than paying super high interest rates to a predatory lender.
