subject: A Closer Look at Payday Loans [print this page] If you only need money to buy non-basic commodities or spend for something unimportant, payday loans are not to be considered. The interest rates alone can tell you the reason why it should be ignored. Be reminded that this type of loan should be repaid within two weeks after it was approved, or else, you will have to pay the necessary penalties or charges, which may put you in a more difficult position. When opting to avail of payday loans, see to it that you only declare the amount that you need.
