Thank God for Tivo

You know, I keep seeing more and more ads that make it sound like a payday loan is the way to go, if you have an emergency and need more cash all of the sudden. First, I'd ask any friends and family before I had an "emergency" loan that would require me to pay astronomical interest rates. I guess if you can afford to pay back the loan all in one lump sum, it's not so bad. But if you can't (which most people who would go for these sorts of loans), then it can often be something in the 3 digit range...OUCH! No thanks, I'll pass...and fast forward through the ads so that I don't have to watch these loan sharks prey on the desperate (Tivo rules!).

Tags: payday loan, interest rates, Tivo