By Jessica Easto
Let’s check a scenario that is common 40 per cent of US adults experienceвЂ¦ You’re low on funds yet still have few month-to-month costs to cover: your vehicle re payment, the electric bill, and a week’s worth of groceries for your needs. You will need about $500 to deal with the bare basics and make do until your next paycheck.
In all of these too common circumstances, you could look to payday loansвЂ”a short-term, high-interest, small-dollar loan promoted as crisis money to tide them over until their next paycheck once they will pay it well. (more…)