Warning:

If you're thinking of getting one of those payday loans where you borrow a few hundred bucks to be paid within a week or two, think again. You'd be better off selling a kidney. Apparently, the fees and interest rates are so high that many people get into a vicious cycle of borrowing to repay the first loan. I always thought interest rates of greater than 30% or so were illegal, but it seems I've been wrong all along. Some of these places charge as much as 800% per annum!

One poor woman who borrowed $500 spent the next year trying to extricate herself and in the process paid over $6,000 in interest and fees!

Just thought I'd pass on the warning.