Reasons to Avoid Payday Loans

by Jeff Rose

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According to Wikipedia weapon of mass destruction (WMD) is a weapon that can kill and bring significant harm to a large numbers of humans (and other life forms) and/or cause great damage to man-made structures (e.g. buildings), natural structures (e.g. mountains), or the biosphere in general.

WMD’s can harm innocent people and there’s no stopping them. Currently, I’m creating a list of the “Financial Weapons of Mass Destruction”. These are product or services that I feel that offer no real value and are causing great harm to the financial health of many Americans. Topping that unpopular list would be Payday loans. I’ve been fortunate to have never had a direct run in with payday loans. It wasn’t until I had a meeting with someone that was approaching retirement, that I truly learned how evil they can be.

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You can see the whole post in its entirety at my new site Soldier of Finance.  The post is entitled, “Danger! Payday loans are a weapon of mass destruction“.  Please check it out!

Creative Commons License photo credit: TheTruthAbout…

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