have you ever gotten a payday loan online

United States
April 23, 2009 12:54pm CST
I get emails all of the time saying I am pre approved for a payday loan. has anyone ever gotten one. I was wondering how it works and if it is a good idea.
2 people like this
5 responses
@peavey (16936)
• United States
23 Apr 09
It's a bad idea. Payday loans are not good to begin with, since you start spending your paycheck before you even get it, but online payday loans are very risky. They ask information like you bank account number...hello? Don't ever give that to anyone unless you know beyond a shadow of a doubt that they're honest. There's no way to check up satisfactorily on an online presence.
• United States
23 Apr 09
Free and Loan? Two words that don't belong in the same sentence. Nothing in life is free, especially not when it comes to loans. Like the previous Mylotter commented, it's a bad idea to fall in to that trap, especially when they start asking for sensitive information, such as your social security number, and your bank account number.
• India
20 Jul 09
PAYDAY LOANS ARE GOOD WHEN YOU NEED EMERGENCY NEEDS ......... http://www.fastcashloan-service.com
@marciascott (25529)
• United States
3 May 09
No but I was thinking about it. I use to borrow form them all the time, but I stop, I really don't think a person should do it, because you will go more in debt.
@suspenseful (40193)
• Canada
1 May 09
Thanks for the best response.
@suspenseful (40193)
• Canada
24 Apr 09
I never had and I would not apply for one. I mean would it not be like usury, in that you could not repay it in time? After all don't all loans start charging the minute they are sent out? I would not go for it. Best is to get a loan from your bank. What happens is that they send out these emails to everyone. I get the same in my regular snail mail because that is how they make their money, on the interest they charge is you can't pay or if you do not need the money that second and will receive your paycheck the next day.