What Exactly Is the Payday Loan Debt Cycle? Payday advances. You realize they’re bad. And in the event that you don’t, we’ve some information for you personally: pay day loans are bad. Like, dangerous, disastrous, how-are-these-even-legal bad. From high-interest rates, to brief terms, and deceptive techniques, you will find numerous reasons why pay day loans are well prevented. But what …