/ Maybe it makes me sound heltraess and cold, but I peasnorlly have no problem whatsoever with payday loans. I understand that sometimes people are in a tough spot financially ( been there, done that ), but that doesn't mean they should rely on Payday loan companies to cushion their blow. Our financial system is set up to reward those who have great credit histories by making money cheap to them. On the flip side, those with rough credit history pay more for money in the form of interest and fees. Yes, payday loans charge extremely high interest rates and fees but they are the last resort for people with credit so bad, that they can't obtain a conventional loan. Lenders that offer payday loans are taking on a lot of risk and they deserve high returns for their risk.