Are payday loans really that bad? I had a family emergency and

>>1739711
they try to underscore the cost of the payday loan in the paperwork

from a payday loan FAQ

>Payday loans range in size from $100 to $1,000, depending on state legal maximums. The average loan term is about two weeks. Loans typically cost 400% annual interest (APR) or more. The finance charge ranges from $15 to $30 to borrow $100. For two-week loans, these finance charges result in interest rates from 390 to 780% APR. Shorter term loans have even higher APRs.

>>1739753
>The finance charge ranges from $15 to $30 to borrow $100.

>Spend 60 to get 200

Fuck that noise I literally have 0 dollars.

It depends what for really. If you want to start a business or want cash now, it's a bad idea, but if it's an emergency then maybe

>>1739711

Would you borrow money from the bank at 186% interest?

>>1739711
I don't understand how people can be so poor that they need to borrow $200 dollars.

I mean if you're borrowing 100k to start a business that's one thing but $200 bucks? Just ask a friend or family member.

>>1739804
Go away rich fag

>>1739711
I could lend you the money. You would need to pay me $240 back on the first. What is your employment situation?

I'm dead serious and have done this before.

File: 1484282851153.jpg (25KB, 646x408px) Image search: [Google]

25KB, 646x408px

Nah they aren't that bad

>>1740322
Not op but if I was confident enough I'd do this, how do you know someone won't take the money and run? What method do you use to send them money?

>>1740336
Driver's license copy, picture of last pay stub, executed promissory note.

>>1740344
Wouldn't the cost of legal action be greater than $240?

>>1740336
id imagine they would use paypal or something with buyer protection.

>>1740322
That sounds like a great idea.

I make 1240 every two weeks, get paid on the last day of the month and the 15th.

>>1740322
Go back to r/borrow, faggot.

>>1740322
hell, Im half black and you'd probably NOPE the fuck out once you see my ID add [email protected] (throw away gmail account) If you could send a message with a subject field that says something like '4chan lender'


I dont even need money now and dont foresee the need for it in the immediate future but if your interested sheeeeet this would be a good ass deal for me.