ETL: The Truth about Payday loans

East Texas Live

POSTED: Friday, September 16, 2011 - 5:14pm

UPDATED: Thursday, January 31, 2013 - 11:30am

Bob and Kaci chat with Mechele Mills from the Better Business Bureau.

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If you find yourself getting a payday loan, you are at the bottom and you will never get out of this debt. This loan will only be the start of your troubles and it will continue to grow. You are better off not getting a payday loan an look for other ways to cope with the money problems. Remenber years ago with 60 minutes aired these loan sharking companies charging well over 1000%. It does not look like that intrest rate but the fees are not included in the rates.Stay away from these loan sharks

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