That first easy loan can lead to an endless cycle of ever-growing payments before you know it. Make sure you don't slide down this slippery slope.
The question remains whether recipients -- who have already been scammed -- will think the refund checks are fraudulent and toss them.
If you can pay it off quickly, a payday loan may be the way to go. Be careful, though.
Some big banks provide a product that's not quite as loathsome as a payday loan, but it's close, and it may become more widely available.
With the economy still sour, an online pawnbroker gets a cash infusion from some big names in an attempt to tap the middle-class market.
Not all short-term loans from credit unions are created equal. Some are nearly as predatory as the loans from the corner check-cashing place.
A new report says that a borrower remains in debt to the payday lender for more than half a year on average.
VIDEO ON MSN MONEY
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
The rollout of the new national health care plan has been far from perfect, but some sectors may get an Obamacare bump.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
Preteens, rejoice. The grown-ups have a compelling reason to consider getting you a tablet this year. Adults, listen up.
The IRS is struggling to combat identify thieves who file fraudulent tax returns in the names of older residents who don't need to file.