Call For Action Director, Karen Stiles, at TMJ 4 wants consumers to be wary of “payday” loans, as they can end up costing you more than expected in the end. Interest rates on these loans can sometimes top 400%, as well as added fees if you run late on payments. Safer alternatives include applying for a loan with a local bank or credit union. Another option is to ask your employer for a payment in advance of your regularly scheduled payday.

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