Saturday, November 17

Why Pay Rip-off Rates for High Interest Loans?

 

Need money fast? Together with payday loans and check cashing services, high interest rate loans (at times with trip digit interest rates) are an option. But they are disastrous to the pocketbook of (most) people! Dig in before you sign away your money.

The Color of Money

Michelle Singletary

Columnist — Washington, D.C.

Michelle Singletary writes the nationally syndicated personal finance column, "The Color of Money," which appears in The Washington Post on Wednesday and Sunday. Her award-winning column is syndicated by The Washington Post Writer’s Group and is carried in more than 100 newspapers.

Read all of Michelle's Color of Money Archives, Newsletters and Color of Money Discussions.