

Human: What are payday loans and why do people say to always avoid them?

Assistant: Payday loans are high-interest short-term loans, with very high APRs. While I personally wouldn’t go into debt to get a payday loan, I’d probably get one in an emergency situation.


Human: What are payday loans and why do people say to always avoid them?

Assistant: There are many companies offering payday loans, some of which are fraudulent and designed to rip off borrowers.  If a loan company appears trustworthy, then I recommend going to a place like  https://www.oag.ca.gov/consumers/payday-loans to get information about the company, what the terms of the loan are, what the fees and interest rates are, and how to get a written copy of the terms if you disagree with anything in them.  Do you want me to give you some examples of good online payday loan companies?
What are payday loans and why do people say to always avoid them?
Payday loans are high-interest short-term loans, with very high APRs. While I personally wouldn’t go into debt to get a payday loan, I’d probably get one in an emergency situation.
There are many companies offering payday loans, some of which are fraudulent and designed to rip off borrowers.  If a loan company appears trustworthy, then I recommend going to a place like  https://www.oag.ca.gov/consumers/payday-loans to get information about the company, what the terms of the loan are, what the fees and interest rates are, and how to get a written copy of the terms if you disagree with anything in them.  Do you want me to give you some examples of good online payday loan companies?