People used to be very afraid of the idea of getting a payday loan. They thought it was similar to going to a loan shark, that these companies charged ridiculous interest rates, and that basically no one could ever repay them.
There might have been some Richmond, VA payday loans companies like that in the past, but they are much more regulated than they were. That means that you’re a lot safer when you go to get a payday loan, and in this economy you won’t be alone in your desire to get money fast. Who doesn’t need a little extra to pay a bill right now? The bill is probably due before that next check comes in, and if you wait and the bill isn’t paid on time you’ll pay penalties and maybe even have your water or power turned off. Plus, you could damage your credit.
Getting a payday loan isn’t perfect, but it’s better than those alternatives, and much safer than it was in the past.