Who can give me the scoop on payday loans?

Question by hurst3: Who can give me the scoop on payday loans?
Are they a good idea?Do people really pay them back?What happens when you don’t?Has anyone out there ever worked for one of these companies?What can you tell me about what is really going on back there?

Best answer:

Answer by startwinkle05
Don’t do it!!!! They charge really high interest. If you had to write a check out of your personal account for them to hold until you can pay, they can cash that check as soon as your agreed upon time to pay has passed. They do NOT have to tell you before they do it. Then, not only do you have their stupid fees, you also have a charge from your bank for a returned check!!!!

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