WHAT IS A PAYDAY LOAN AND WHY IT SHOULD BE THE LAST OPTION
Payday loan companies will try to convince you that taking on a payday loan is your only option. You may think they’re right. After all, you’ve been hit with an unexpected shortfall or a hefty bill. Maybe you can’t pay it and you’re under pressure. What other options do you have? But, what is a payday loan and why should it be avoided?
However, payday loan lenders aren’t the only people you can turn to. If you really are in a fix and you’re in regular employment, then there’s no reason why you can’t try and take out a short term loan instead. But what’s the difference? Is that better for you? Read on to find out more.