[ttara81]

I'm in a financial crunch and I need a small loan (maybe $300). I am employed and I can pay this money back once I get paid... at the end of the month. Are these payday advance loans legit? Can anybody recommend some way to get a loan until payday? Basically, I don't have any other resources at this time...

Any advice will be much appreciated!

[twinkiedooter]

If you actually do get one of those payday loans - please pay it back as soon as humanly possible. If you don't pay it off it will just be like a snowball going down a very steep hill gathering interest and penalties. The $300 you initially borrow can grow up to be a monster probably in the neighborhood of $1,000 by the time you actually are done paying it off. Read the FINE PRINT extremely carefully before you sign anything.

[sgwynn3964]

I would never recommend a pay day loan, this service is a rip-off and those companies should be barred from doing business. The bottom line, you cannot borrow yourself out of debt.

You do not clearly state what you need the loan for; if is it for something that can wait... by all means wait. You pay those astronomical service fees for such a short term loan. It is just like throwing your money into a fireplace. I would recommend doing without; or in a case of a severe emergency, go to a trusted friend and pay that $300.00 back in installments, this way the money you pay will goes towards the debet and not just service fees.

Pay day loan can get you into a serious financial jam and can do more harm for your credit and you bank account in the long run... trust me, I am experiencing it.