And it for investments, it in general has considered high risk. Now compare it that the companies of the loan to a pay charge. You give them returning to their money which they, possibly, will not receive more anywhere on a planet! There is another, less obvious reason why loans to a pay are dangerous. According to some estimations, more than 60 % of borrowers overturn the loan to a pay. Many repeatedly take loans, also. Let's insert some numbers so that you could to see clearly that simultaneous pressing of keys mean. Assume that you borrow 400$ on two weeks at cost 15$ for 100$ in two weeks. In the end of two weeks you owe to them in total 460$. We will tell, you do not compensate 400$ in the end of two weeks. Instead you ask simultaneous pressing of keys. Thus, you bring it a payment for granting 60$, and they agree to turn the loan within even two weeks. The total cost of the loan in the end of 4 weeks can be as follows:Original quantity of the loan: 400$
New payments subject to payment for granting: 60$
Penalties subject to payment for payment delay: 60$ (accepting penalties for payment delay are applied at the same level as granting of payments),
Granting of payments has already paid: 60$
Total: 580$ In the end of this period (which 4 weeks make from the date of, you originally took the loan), you decide that have no 580$ available and so ask them to turn the loan within even two weeks.