If this were my old blog, I'd go off on a rant about the evil vortex that payday loans become for many hard-working Americans. I'd throw out numbers and percentages and links and type for what seems like a year (because the research takes forever), but once posted ends up being a few scrawny paragraphs. And most of those links would be relatively dated since new regulation kicked in a year ago.
As it is, let me just sum it by saying this: Even with new rules in place, payday loans are the work of
the devil deregulation and therefore just another way in which corporations screw the little guy for profit. For the love of your long-term financial health, not to mention your sanity, avoid them like the plague.
For the record, 11 states don't have payday lenders. Oklahoma does, obviously. And when I googled "payday loans Oklahoma City" I got four pages of location hits. ->