[Unlike other types of bounced-check protection, any money lent by the bank is taken out of the consumer's next deposit. The fees and the short time given to pay back the overdraft often translate to] triple-digit interest rates, ... Banks have essentially gone into the business of payday lending.

Ann Fox

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Wouldn't you like to write checks when you don't have any money in the bank? ... It's tempting. It's just that the consequences are bad.

A lot of people assume the worst and don't try, ... You shouldn't give up without trying to see if you can get a loan at a more favorable interest rate.

We've seen people pay $2,000 over blue book,

Internet payday loans are dangerous for cash-strapped consumers, ... They combine the high costs and collection risks of check-based payday loans with security risks of sending bank account numbers and Social Security Numbers over web links to unknown lenders.

That is a huge number of complaints to be filed for anything, ... Complaints are an indicator of what's going on, but not the sum total of the problem.