We've all heard of payday loans...you know, the ones some people take out to cover unexpected expenses with the idea of paying it back on the next paycheck. You have seen our BBB warn consumers about these loans because of the extremely high interest rate associated with failing to pay it back on time. Well we got a call in the office today about a company that will apparently let you borrow however much money you need in a payday loan. Doesn't matter if it's $50 or $50,000, they can get the money to you. Problem is that the company is allegedly from Sweden so you have to wire the money back overseas when you pay it back. Red flag anyone?
The truth is, there are so many cash boxes and banks floating around nearly every city in the United States, that no one should ever have to use a foreign company to get a payday loan. Also, you should never have to wire money to pay a loan back as the establishment will no doubt accept a personal check or money order as a sufficient payment option. Remember, we all run into financial trouble now and then, but don't panic and make the situation worse by enlisting help from a company who will just hurt you more.