WalletPop: Raising cash in a hurry #9: Get a payday loan
June 21, 2008 | alternatives, customers | Comments (0)WalletPop’s Geoff Williams discusses his experience with payday lenders and advises:
Bottom Line: If you’re responsible with your money and know that you’re facing less than two weeks of a cash short fall, borrowing $300 today in return for repaying $345 in two weeks may be a good idea. If you’re the sort of person who has a continual spending or money management problem, this is the dumbest thing you could possibly do.
Update: Also of interest is William’s entry on pawnshops.
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