Pay day loans – they are little, short-term loans sometimes called payday loans.

Pay day loans – they are little, short-term loans sometimes called payday loans. Payday Loans And Debt Traps STACEY VANEK SMITH, HOST: Payday advances – they are tiny, short-term loans often called payday loans. They may be well-known for having really high rates of interest, like 300 to 400 % in many cases. CARDIFF GARCIA, HOST: Payday loan providers usually …