Holiday shopping isn't a reason to take out a Payday Loan
We've written time and again about the risks of Payday Loans, but it's worth a refresher with the holidays in full swing. PayDay loans are for real emergencies, and can be a credit (and financial) killer if treated otherwise. Their high interest rates can balloon if you default, and there are horror stories out there of consumers botching a PayDay loan so badly that they end up owing 300%+ of what they were originally lent.