Do you know what a pay day loan is? We have all seen the advertisements for them. I'm talking about pay day loans.Ê They claim to offer an easy way out of debt.Ê One company even says they are "your cash solution".Ê These finance companies make it seem like free money.ÊÊ Payday loans are also called high-risk loans, loan sharking or cash advance loans.Ê They actually are short-term loans with very high interest and in most states are perfectly legal.

Compare several of the links here and you will can see that rates vary considerably.