1. Payday loans hurt your creditThe most common mistake is that payday loans will negatively affect your credit score. While banks are the controls negatively affect your score, the more companies move payday credit checks.2 not work. DifficultQualifying qualifying for a payday loan advance is actually quite standard and simple. Most lenders of payday loans require that the recipient must be 18 years, have confirmed a rebate form is an American citizen and has a current account. Of course, varying degrees of development in order to do a little 'look around if you have trouble qualifying for a place. 3. Payday Advances advantage of minorities and the poor think that the fate of payday lenders loan to take advantage of certain minorities, low income families and students. However, like any other lender, the payday advance institutions provide a valuable service to their community. Moreover, the loans are completely voluntary. There will always be misunderstandings surrounding the payday loans, but often help people of all income levels spot.4 a temporary shutdown. All companies payday loans are predatory lendersThere are always in the way of unscrupulous professionals in each sector and industry of payday loans is no different. However, until you do your research and carefully read all agreements, then you should be fine. 5. Interest rates are madly highInterest taxes are never happy to pay, but the fact is that it is quite difficult to find a loan without interest. Myths have surrounded the tax on interest on payday loans insatiable years, but so baseless. Although sometimes, a person who takes a payday loan are caught in a revolving door of payment, increasing interest in time, the initial cost of interest is not all that high. 6. Only private sector employees qualifyActually, several financial institutions that offer payday for those without a verifiable source of work if they have another form of payment occurred. Many lenders payday advance loans offer several types, and therefore will be happy to discuss all options with you.7. In the absence of land that will be repaid in return nothing jailNot loan in a tax or penalty, but not pay a payday loan ahead of time will certainly not result in any jail time. At worst, they charge you at extra cost if time passes, your case will be sent to the collection agency. However, this is the standard for bad loans, there are additional implications for loans.8 payday. Ask for payday loans does not mean that no further loans despite what may have heard, ask for and receive a payday loan does not affect licenses for other types of loans. In some cases, if the reimbursement does not happen, and are sent to collections, which may affect the possibility of future funding. However, this is another standard procedure of loan, advance loan payday exclusive.