2. Taking Out a Payday Loan

Most people have to drive by at least one check-cashing place on their way to work or school. They’re usually in a strip mall, most likely next to a liquor store, and always have flashy signs that promise to “cash your paycheck today” or “hook you up with a payday advance.” Some will even loan you your tax refund money the day you submit your return. Sounds nice, doesn’t it? So, what’s the problem?

via Five Money Moves No One Should Ever Make… Ever – The Simple Dollar.