Payday loans can charge you up to 700.00% APR. According to the Consumer
Financial Protection Bureau, “the majority of all payday loans are made
to borrowers who renew their loans so many times that they end up
paying more in fees than the amount of money they originally borrowed.”
Payday loans, usually loans of $500 or less, have hidden fees and
up 700% APR.
Imagine life after paying off your credit cards.