Earlier today I saw an article about a man who took $2500 in Payday loans. The interest he paid? $50,000. And there are many people like him who get these "small" loans and pay interest but they don't realize that they are spending too much money paying interest and sliding more into debt because the moment you start getting them loans, you'll always be trying to get the loans. Though they are easy to get, payday loans are the easiest way to get yourself into debt. Don't get caught in the payday loan trap.