Payday loans are the most expensive personal loans you can get, some companies charging as much as 400% APR (annual percentage rate) on their loans. Even in jurisdictions where payday loans are not allowed, some micro-lenders get around the regulations with “admin fees” or other nefarious hidden charges. Ensure you know the entire cost of the loan before you agree to them, consider these alternative loans and benefits, and avoid payday loans where you can. [Read more…]