Pay attention to the Payday Loan Cycle!
A person may take months to repay a payday loan, but they will have paid hundreds of dollars in fees in the process. When youre short on cash or dont have the resources to deal with a financial emergency, payday loans can be a lifesaver, but can you manage to repay your loan in full, including all interest and costs, without running out of money?

The answer is no for many people, trapping them in a cycle of self-defeating behavior. The borrower, having paid off their prior payday loan, is compelled to take out a new.