Stephanie K.

I have worked for a payday loan company in the past and they are basically "legal loan-sharks." If you find yourself stuck in these types of loans first try transferring them to "installment loans", they have much, MUCH better finance rates and some of your monthly payment goes towards the principle... as long as you don't refinance it you will pay it off within a few months. If you can't convert the loan(s), start with the smallest payday advance and every time you "re-advance" it, reduce the amount you borrow back by $25.00-$100.00 until you have enough to pay the loan off without re-borrowing it. Then move to the next advance reducing as much as you can each payday. Once you are free from these types of loans, STAY AWAY from payday advances! THEY SHOULD BE ILLEGAL!