Payday loans are always a hot topic. It’s always good to
find a well-written article on this topic and I think I found a great
one here:

Breaking free from payday loans:

The article does a great job of discussing the cycle of debt and how
payday loans become a trap with new loans being taken out every two
weeks, just to try to keep up. But eventually, this plan fails. So
what do you do when it fails? This article points out that it is
actually cheaper to take cash out on your credit card! Of course, we
never recommend taking on more debt to get out of debt. But it is
alarming that even a credit card cash draw is cheaper in the end than
a payday loan. The article concludes that the best way to get out of
this debt spiral is to become financially literate. We agree that
taking hold of your finances is important. If you are too overwhelmed
by your unsecured debts, seek the assistance of an attorney to help
guide you through this process. I think in the end, you will agree
that it’s the best thing you could have done.