To go without goingthrough a lengthy processof applying for a loan, ...More
To go without goingthrough a lengthy processof applying for a loan,payday loans have becomethe most popular form offinancial aid for thepeople. Several financialproblems like medicalbills and utility billscan be paid by paydayloans. But before theseloans, it is imperativethat the costs andbenefits are examined, inorder to make appropriatedecisions. This paperdiscusses the advantagesand disadvantages ofsmall payday loans in aneutralmanner.
To go without going through a lengthy process of applying for a loan, payday loans have become the most popular form of financial aid for the people. Several financial problems like medical bills and utility bills can be paid by payday loans. But before these loans, it is imperative that the costs and benefits are examined, in order to make appropriate decisions. This paper discusses the advantages and disadvantages of small payday loans in a neutral manner.