 TITLE: What Is a Payday Loan and How Does It Work? CONTENT: Is a Payday Loan Worth the Risk?\n--------------------------------\nA payday loan can solve an urgent need for money in an emergency situation. However, because these loans usually have a high APR, if you can't pay it back on time, you could get caught in a vicious cycle of debt.\nBottom line: It's important to consider all your options before approaching a payday lender. END