It's always a good idea to pay off your debts promptly to save money on interest, but it's critical with payday loans since they come with relatively short repayment terms. Most payday loans must be paid back after only a few weeks or months at the most, which means it's easy to have another financial emergency that interrupts your plans to settle the first loan. Stay out of the cyclical borrowing habit by using these tricks for paying off that initial payday loan before its due date.
