Pay off the loan as quickly as possible to avoid further debt. Even though paying the loan in installments is convenient, you may wind up paying a hefty premium over the original loan. Pay over the payment so you can pay it off as soon as you can.
Collectors will knock at your door if you don't pay off your loan on time. This will badly hurt your credit score. It is important that your bank account has sufficient funds on the day you know the company will be collecting their money.
Always know as much as possible about the payday loan agency. You might think you have no where else to turn, but it is vital you know all the information first. Even look into the company's past history to make sure they are on the up-and-up.
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