Payday loans are no debt traps if you know cash management

Do payday loan companies push low-income people into the death trap? Sure, that is one allegation that is being heard above all other allegations agains the payday loan industry. Payday loans aren't any death trap if you know how to manage your cash. For this reason, cash advance lenders restrict the first-time loan amount to $500. Only if the borrower pays back the cash advance without any trouble do payday loan lenders lift the limit, and allow him to borrow more when he applies for payday loans again.