empire-finance.com

 While payday loans are very convenient, they have high fees and short repayment periods. For instance, a customer borrowing $100 for two weeks will be charged $15 in service fees. That's an APR of 391 percent. While this sounds low, it can add up to a lot of debt. As a result, many Americans find themselves stuck in debt cycles where they can't pay back their loans. The inability to make monthly payments not only leads to higher interest rates but also to credit score deterioration. In some cases, the inability to repay these loans may even lead to criminal prosecution. Check https://empire-finance.com/payday-loans.