Don’t fall into the payday loans trap.
It’s easy to start getting a payday loan. You need an emergency $300? You can get it almost right away with just $25 of application fees. You are relieved that your problem is solved right away. But what’s scary starts here.
Two weeks pass by, and there is no way you can come up with $300 to repay the loan. You pay another $25 to extend the loan. Fast forward 12 months, you have paid $650 in fees, but your balance is still at $300.