Payday loans are short term loans with ridiculously high interest rates. These s…

Payday loans are short term loans with ridiculously high interest rates. These short lengths and high interest rates can often lead to a debt spiral which can end up harming your credit further and causing you far more money concerns than you started with. This story is insightful and all too common – you will be amazed by these numbers – and hopefully put off ever taking out a payday loan! #payday #loan #paydayloan #income #money #finance #finances #debt #debtspiral #creditscore

Source by ibeatdebt