Payday loans... Are they evil? Are they that little financial break you need just to make it safely through to your next paycheck? Here at PaydayPedia, we are trying hard to give you answers to these questions.

Payday loans are a controversial concept, as they are basically extremely expensive short-term liabilities that may sometimes get you off the horrible grasp of even more costly emergency situations, where a few hundred dollars will save the day.

One thing is certain though: Do not ever, ever consider payday loans as a means of getting by to the next payday when you know you can not pay it back. Payday loans tend to get huge with a snowball effect (as they commonly and shamelessly have a minimum of 300% annual interest percentage rate (APR)) and consume your life force mercilessly if not paid back on time. They are like credit card debts, but even deadlier for the financial condition of the unwary borrower.

Payday loans are not a subject to be treated lightly. That's why we've created this site for you to make the most informed decision before borrowing a payday loan (if you decide to borrow a payday loan, that is). We have free payday loan articles, various payday loan lenders to choose from and a whole lot of payday loan ads scattered throughout the site. Before making any harsh borrowing decisions, make sure you've read Federal Trade Commission's consumer alert: Payday Loans = Costly Cash.

Payday loans do sound evil. They may even be very evil if you let them. The key is to avoid taking any more than you can handle, which is obvious. What is not obvious is that, there are a lot of companies offering payday loans with greatly varying fees, thus you may end up paying $125 for a $500 loan where you could be getting away with as low a fee as $37.5. If you are out of any other options and finally decide to take a payday loan, please research thoroughly the payday loan companies available to you.

	Payday Loan Companies Pretty much self-explanatory, this little but effective section lists some of the online payday loan companies out there.
	Payday Loan Articles This section contains numerous articles about payday loans, categorised by phrases searchers use in order to find payday loan related information.
	Payday Loan Resources Features a directory of payday loan related links.

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