Payday Loans


Payday loans are dangerous, unsecured loans designed to trap borrowers in debt.

Payday lenders operate in storefronts and online. They advertise “Fast Cash Now!” and “Quick Money Today!” They sound like a good deal, but they never are. Payday loans start as small-dollar, two week transactions, but with an average annual percentage rate of 350%, most borrowers wind up trapped in debt for months (instead of two weeks) and then taking out additional loans just to cover the mounting fees.

These are loans that people sometimes never get out from under. Through a mix of deceptive advertising, dangerous practices and unfair rates, payday loans are just plain wrong and should always be avoided.

These are loans that people sometimes never get out from under.

OppLoans strongly believes you deserve better than a payday loan. Check out the financial resources and tools here to learn the truth about payday loans and save yourself and your family time, difficulty and money!