PAY DAY LOANS VS CREDIT CARD IS IT WORTH IT?
taken from the digeratimind.com It is the holiday season and you’re probably trying to decide, especially during this recession whether or not to get a new credit card or get one of those payday loans. Where I would definitely tread carefully especially when it comes the payday loans. The reason being, that while it sounds very exciting of very convenient to simply walk into a payday loan Center with your car title or pay stubs you need to know the risk involved in getting a payday loan. According to Wikipedia “A payday loan (also called a paycheck advance ) is a small, short-term loan that is intended to cover a borrower’s expenses until his or her next payday. The loans are also sometimes referred to as cash advances , though that term can also refer to cash provided against a prearranged line of credit such as a credit card (see cash advance ). Legislation regarding payday loans varies widely between different countries and, within the USA , between different states” Sounds easy