In the article “ Me, The Other Scott, and Payday Loans” by Scott Gilmore I have learned that going to a Payday loan establishment is not worth it due to the high interest rates and easy extension periods. They charge a much larger interest rate than banks do with their loans as it states in the article: “ Scott borrowed $300, to be paid back at over four months, at 400 per cent interest”. It is understandable as to why many people do use these Payday Loans; they could be in trouble and need the money as soon as possible, which leads them to not reading the fine print while receiving the money. I believe that everybody should be more educated on the impact that these Payday Loan companies can cause to a person’s life. Many people are not taught