Why should you avoid loans that are payday and what direction to go rather Short-term and payday loan providers make claims of “fast cash,” “guaranteed approval” and no “credit check required.” In an emergency where you need some extra money fast, a payday loan might seem like your only option if you ever find yourself. However these loans could be outrageously high priced. And they’re directed at those who are in a tight spot to start with, making these lenders prime samples of predatory lending. Before looking at that fast-cash offer, find out how predatory financing works. Then inhale, realize that you have got choices ...