Should payday loans be banned?

payday loan

Submitted on May 7th, 2008 by Anonymous

Payday loans are horrible, and I speak from experience, unfortunately. You take one out with all intents of paying it back within 2 weeks; then, say, you get an unexpected medical emergency, and have to extend the loan another 2 weeks. And so on, until you're paying horrible amounts of interest. if anyone wants to read some real horror stories about PDLs, please visit the debtconsolidationcare.com website and click on "getting out of payday loans."

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