The Hazards of Payday Loans

http://www.chs-law.com

As the cost of living goes up, more and more people are turning to "payday" loans. San Diego business and bankruptcy attorney Carl Starrett recently appears on the KUSI television's Good Morning San Diego show to offer his opinion on these types of loans.

Category:

News & Politics

Tags:

• KUSI
• Carl
• Starrett
• payday
• loans
• commentary
• analysis

[phitau09]

365% interest????????? This guy is just talkin out his ass making shit up. 15 dollar fee per 100 dollars is 15%. I take it this guy never got an A in math class

[chslaw]

The $15 fee is only only for a 2-week loan.

[royg6852]

I think that we've found installment loans are a much better option than payday loans. We got one from fastcashvegas com and the interest is a whole lot less, and they also give you a longer period to pay back.

[bikemtn]

I would rather have a 39.00 NSF fee because that's going to teach me to not over spend the money on the checking account. because if I go to a cashAdvance loan, the 230.00 dollars is due at once and one or two weeks. So I pay the NSF fee and go back to the store and PICK UP THE CHECK and pay it in full and never write a check

[pusaoso]

then dont apply for the loan if you think interest are high! its like using a debit card you pay to use your own money! some americans are stupid enough to pay for there own money then what they do is call customer service and complain about there transactions!!!!! hahaha

[spades077]

Really? Would you rather have a $39 NSF fee? You can get a $200 loan with that money that could pay for other bills. Think about it.

[REALTORROY]

what does a person do if they have no choice? its sad

[jopollak]

hey genius--interest rates are expressed annually. a two week loan at 15% is huge!