Yes, they charge upwards of 600% interest. The problem with a payday loan is it becomes a vicious cycle for some that is hard to escape, as you can never pay off the loan itself plus the huge interest they charge. XXX Hot HD So, if you get paid every 2 weeks, they would want their money in 2 weeks unless you can convince them to let you go the 30 days. Some get in so far over their head that they have to go to another payday lender to borrow in order to pay the first lender off! The problem with a payday loan is it becomes a vicious cycle for some that is hard to escape, as you can never pay off the loan itself plus the huge interest they charge.
