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Should you get a payday loan?

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Anonymous

14y ago
Updated: 8/18/2019

A payday loan or quick loan should be your last resort because of their high interest rates. You will pay a lot of interest and lose a lot of money if you use them frequently and especially never default on a quick loan because of the fees.

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Wiki User

14y ago

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What are the pros and cons of a payday loan?

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Yes it is possible to attain a payday loan from another payday lender if you already have a cash advance payday loan. Since the loan is for a temporary period, it is not an issue if you have another loan. Also, there are no credit checks and so the process of attaining such kind of a loan is easy and hassle-free


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