Have poor credit? Need quick cash? Why not apply for a payday loan? At some point, you’ve probably received one of those enticing postcards that advertises instant cash.
A lot of people classify these loans as “predatory.” Well, I’m not so sure about that. Maybe it’s the interest rate. After all, you can see ranges up to 500 percent in annual percentage yield.
But, hey, if you need the cash to buy a new designer purse – and you don’t have the cash today – what else can you do? Or maybe you’d like to purchase the latest iPhone. These purchases are the perfect candidates for a payday loan.
Sure, you could wait until your next payday. Or you could save up the cash over the next few months. But this is America. The land of opportunity.
Payday loans are a great way to get instant funds for today’s purchases.
Even if you have less-than-stellar credit.