Avoid PayDay Loans

Today I was looking at the website of one of those payday loan places. You know one those places that some have called loan sharks. Even the guy I talk about the most, has nothing good to say about these type of places. Dave Ramsey says that you never find them located near where rich people live, because the rich don't use them. They prey on the poor and the military. Because of that, those are the places that they set up shop.
When I say they prey, I mean it. They will set up shop right outside the military bases and when a low and underpaid member of our military is late paying their debt, they blackmail him/her by threatening to tell their commanding officer.

Not only that, but they are called loan sharks because of the interest rates they charge. Rates that figure up to an apr that can be as high as 1303.57%. That's right 1303.57%, of course that is the fine print, they will only tell you that it is 25% when trying to hook you. It's after you sign the contract that you learn the true costs. That 25% however is over the 7-16 day life of the loan. Think about it, you can get better rates from the evil credit card companies then these jerks.
Ok, so lambasted the industry, now what about this online version of these jerks?

National Payday Loans claims that their loans are "Fast, easy and free." Free? But they charge 25% to loan up to $300. Well their website explains..."Free payday loans for first time customers, this is a no fax loan and there is no credit check required." Ahhh, I see. So like a drug dealer giving a free sample to the newbie to get them addicted, so that they keep coming back time after time.

Their website does have a faq page, on which you can find a chart showing the actual APR's that National Payday Loans is actually charging on their loans.

At one point in time I was hooked by con artisits like these guys and eventually I said no more and have never gone back. Now National Payday Loans wants to try to lure me in with a "free loan," however, I am smarter then that. I would not recomend these guys to my worst enemy.

This review is NOT a sponser in any way....I wrote this review totally on my own...to show the crap that scum like this will do.