Payday Loans

I have been seeing people on tv that have taken pay day loans out for friends that ave not been repaid. Then they take them to court to get there money back. The problem is that these loans have such high interest rates that they continue accumulating costs. What are some of the ways to avoid this type of situation?
This question has nothing to do with needing money, it is only a question of money and its affects when you are in need. Not to have offers of cheap rates or loans.

I am a payday lender.

I see so many people posting how bad payday loans and payday lenders are and how they rip people off, threaten or hassle people who do not pay.

Like in any industry, there is the good and the bad operators. I would like to see the bad ones removed more than most. I strongly believe there is a need for payday loans to assist those individuals who cannot get a loan elsewhere or those who need funds urgently until their next payday.

We have many clients and have never threatened anyone. Our contracts are extremely clear and simple to understand and contain many warnings. We also believe we are the cheapest in the market but still charge high rates.

We send the standard letters if clients do not pay and forward accounts to our collection agents if they do not respond. We do not continue to add fees and charges once it gets to collections which is within a few weeks of the final due date.

I don’t think this is being unreasonable. What do you guys think?

Does it mean that it doesn’t matter if your under the debt management plan , they can still lend you money ? will your debt management company will know about it if you apply for payday loan?

i currently have 5 payday loans that i can not afford to pay back. at this point i owe 00 and i cant afford it right now. i am also 7 months pregnant and i dont know what to do anymore because soon i will be on maternity leave and will only be getting 60% of my paycheck. i tried to apply for loans, but i cant get approved because i have bad credit and the ones that say they help people with bad credit are scams. does anyone know what i can do? i am very worried about my wages being garnished.