This is HW question: You are in dire need of $300 to cover an unexpected expense, as you are still 5 days away from your next paycheck. A friend mentions that you can get a payday loan. You consider the pros and cons of the decision. For this discussion, describe 3 reasons you should not use a payday loan. Justify your answer with examples and links to specific articles.

My question: Can you explain and gives examples or reasons. What is the value of the loans?

If you find any outside resources, please label them. Any alternative suggestion solutions are welcome of your thought.

Thank you