Payday Loans are the most expensive loans you can get. For example if you borrow on a personal credit line you have with your bank, it’s likely that you’ll be paying around 10% interest annually. If you keep credit card balance you might be paying between 18% and 25% in interest yearly. If you get a cash advance from your credit card you will be paying 30%+ in annual interest fees. Finally if you take a payday loan, it’s likely that you will be paying 300%+ in annualized interest.

I’m sure you can make your own conclusions, and apply for payday loan only if you don’t have any other means of quickly accessing cash.

Payday Loans Canada

Payday Loans Canada > Payday Loans compared to other loans