Getting Loans & Extensions of Credit

Sometimes when you are struggling under a mound of debt, you want to get a loan or extension of credit (like a credit card) to tide you over. Although in most situations this is a bad idea, sometimes it's necessary or even advisable.

If you are going to get a loan or apply for credit, however, tread carefully. It's important to understand what you're getting into. And there are some options you should avoid, like payday loans.