Payday Loans - Predatory Loans Meant to Create a Cycle of Debt with 1000% interest - Bad Ideas

Payday loans are a loan you can get when you leverage your next paycheck for cash today. Usually there is a small fee but they can quicky turn into 400 to 1900 percent loans. It's a predatory industry that needs to be heavily reformed or abolished. On Bad Ideas we take a look at this toxic industry and show why it is indeed a bad idea.

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