A payday loan is an advance that you can take out of your salary. But are payday loans as helpful as they are made to be?
Well, for instance if you might have taken out an advance to pay some of your bills, at that particular moment it might feel like a huge relief to get the require money in your hands but when you think of the interest that you might have to pay on it, you would not actually call it a relief at all.
Most of these payday loans end up putting you back in the red because of all that compounded interests that you have to pay on it and the meagre sum that you need now would actually become a full fledged headache soon enough (source:http://www.top10paydaysites.com
).