Nevertheless the disadvantage to money that is getting Hail-Mary supply may be significant, like charges and interest-rate percentages that may render Tony Soprano jealous

That means minimum monthly payments that are enticing but that barely make a dent in the principal, and revolving credit designed to keep the borrower on the hook for as long as possible, paying as much as $1,000 in interest on a $300 loan in the case of payday loans. [Read more...]