Why is a payday loan considered to be an unwise way to finance a purchase?
Everyone in the company can go online to see the names of people who have had
to take payday loans.
O The person who takes a payday loan will not be eligible for a raise for a year.
Payday loans carry very high fees equivalent to more than a 100% annual interest
rate (APR).
The person's employer will probably give the employee who takes a payday loan a
poor job evaluation.