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What are the disadvantages of a pay day loan?
* a pay day loan is very expensive compared to other types of loans.

*to obtain a pay day loan, you must provide a lot of personal information.

*the interest charged on a pay day loan is much higher than the interest charged on other
types of loans.

*the many fees can add up quickly.

*a pay day loan will not improve your credit rating if you make your payments on time.

*if you don't pay back the loan and it goes to collection, this could bring down your credit
rating.
What exactly is a payday loan?

What are the advantages of a pay day loan?

What are the disadvantages of a pay day loan?
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