Scams and other business always tried to convinced people that they are intelligent people to invest their money is their business (read scam). It is sad, that in today fastest growing age of information,people tend to fall for the most obvious scam. I make the following list so that as many people can get aware as possible.
1.Payday Loans
Basically, it the loan you can get if your salary is due in next week, and nothing hurt if a person get a quick loan, and return it when the salary come. WRONG, it a hidden trapped of overloading interest.
Most borrowers default on their payday loan, take out another loan to pay off the original loan, and end up paying unbelievable, high interest rates—as high as 780 %
It is a debt trapped and will send the consumers into extreme financial crisis. So, My personal advice would be before considering taking this payday loans, look out for other alternatives, ask friends and family.
2. Paying for Your Credit Report
While its seem all nice when you get all the financial management.monitoring service always buried in the fine print that may cost $19.95 every month.
1.Payday Loans
Basically, it the loan you can get if your salary is due in next week, and nothing hurt if a person get a quick loan, and return it when the salary come. WRONG, it a hidden trapped of overloading interest.
Most borrowers default on their payday loan, take out another loan to pay off the original loan, and end up paying unbelievable, high interest rates—as high as 780 %
It is a debt trapped and will send the consumers into extreme financial crisis. So, My personal advice would be before considering taking this payday loans, look out for other alternatives, ask friends and family.
2. Paying for Your Credit Report
While its seem all nice when you get all the financial management.monitoring service always buried in the fine print that may cost $19.95 every month.
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