If they just take an extra $50 out of your account in fees you weren’t expecting, what are you going to do about it?? Now you are behind and can’t pay it off in full, because you need to pay your bills. You’re stuck, they’ve got you, and you’re about to pay more in interest than the amount you even borrowed in the first place!

Payday loans often involve staggeringly high interest rates and additional fees, not to mention that you grant them direct access to pull cash out of your bank account. The payday lender has access to your social security number, bank account, credit report, employer, and basically every aspect of your life. They will take money out of your account as soon as your paycheck is deposited. Furthermore, if you close that account, they will go after your employer, report you to the credit bureaus, and sue you.

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(I am not sponsored or affiliated with Capital One or Chase, and this isn’t financial advice to apply or not to apply. Do not misconstrue it as such – this video is for entertainment purposes only. Applying for any credit card will result in a hard pull on your credit report.)
Disclosure: In the event you apply and are approved for a card through the above links, I may receive credit/ compensation from Capital One or Chase.



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Comments: 5
  1. Tiffany Weatherby

    frfr they loan sharkls

  2. Danielle Turner

    Crazy stuff 😅

  3. Lauren Johnson

    We’ve never done payday loans, but we did do a 3 year net credit loan. It’s taken us a longer time to get that paid off.

  4. Gabo Guerrier

    That’s a fact pay day loan sucks that’s through experience 🎯🎯

  5. Sherri Turner

    I have had this happen

Comments are closed.